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Title: If the income effect is equal to the substitution effect, the labor supply curve Post by: tlc_71111 on Apr 28, 2019 Question 1. The income effect of a wage rate increase should lead to ▸ an increase in the quantity of labor supplied and a decrease in leisure. ▸ an increase in the quantity of labor supplied and an increase in leisure. ▸ a decrease in quantity of labor supplied and an increase in leisure. ▸ a decrease in the quantity of labor supplied and a decrease in leisure. Question 2. If the income effect is equal to the substitution effect, the labor supply curve ▸ is horizontal. ▸ is vertical. ▸ has a negative slope. ▸ has a positive slope. Title: If the income effect is equal to the substitution effect, the labor supply curve Post by: beunikuel on Apr 28, 2019 Content hidden
Title: If the income effect is equal to the substitution effect, the labor supply curve Post by: tlc_71111 on Apr 28, 2019 Thank you
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