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Title: Assume that the income effect dominates the substitution effect. When wages rise: Post by: NYC on Jan 12, 2016 Assume that the income effect dominates the substitution effect. When wages rise:
A) people will work fewer hors. B) people will work the same number of hours. C) the effect on the hours people work is ambiguous. D) people will work more hours. Title: Re: Assume that the income effect dominates the substitution effect. When wages rise: Post by: Jesslyn on Jan 26, 2016 Content hidden
Title: Re: Assume that the income effect dominates the substitution effect. When wages rise: Post by: NYC on Jan 28, 2016 Good answer, thanks.
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