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djsmyers djsmyers
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Posts: 764
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6 years ago
The graph below shows George's indifference curves and budget lines. From A to B, we can conclude
A) leisure is a normal good.
B) leisure is an inferior good.
C) George will increase his working time with a higher wage.
D) the substitution effect is greater than the income effect.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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6 years ago
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