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Author Question: Assume that the substitution effect dominates the income effect. When wages fall (Read 35 times)

fbq8i

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on: Apr 19, 2019

Question 1

Assume that the income effect dominates the substitution effect. When wages rise


◦ people will work more hours.
◦ people will work fewer hours.
◦ people will work the same number of hours.
◦ the effect on the hours people work is ambiguous.

Question 2

Assume that the substitution effect dominates the income effect. When wages fall


◦ people will work more hours.
◦ people will work fewer hours.
◦ people will work the same number of hours.
◦ the effect on the hours people work is ambiguous.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by fbq8i on Apr 19, 2019

sokh

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fbq8i

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
Wow, this really help

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