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