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wrote...
Posts: 162
2 months ago

Question 1.

The income effect of a wage decrease examines the effect of the decrease in wage income on a worker's ability to purchase goods and services.

• true

• false

Question 2.

An increase in wages raises the opportunity cost of leisure and leads to an increase in the quantity of labor supplied.

• true

• false
Source  Download
Microeconomics
Edition: 7th
Authors:
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1 Reply
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Answer verified by a subject expert
wrote...
Posts: 168
2 months ago
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Answer 1

true

Answer 2

true
1
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