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Title: Assume leisure is an inferior good instead of a normal good. The income effect of a wage increase ... Post by: emlaai on Apr 27, 2019 Question 1. Assume leisure is a normal good. The substitution effect of a wage decrease implies a ________ demand for leisure and a ________ labor supply. ▸ lower; higher ▸ higher; lower ▸ higher; higher ▸ lower; lower Question 2. Assume leisure is an inferior good instead of a normal good. The income effect of a wage increase will lead to a ________ demand for leisure and a ________ labor supply. ▸ higher; higher ▸ higher; lower ▸ lower; higher ▸ lower; lower Title: Assume leisure is an inferior good instead of a normal good. The income effect of a wage increase ... Post by: zachcarytcris on Apr 27, 2019 Content hidden
Title: Assume leisure is an inferior good instead of a normal good. The income effect of a wage increase ... Post by: emlaai on Apr 27, 2019 This calls for a celebration :raised_hands:
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