If I used to work 35 hours a week at $6 per hour, and now I work 40 hours a week at $5.25:
A) the income effects and substitution effects are indistinguishable.
B) the income effect is more important to me.
C) the substitution effect is more important to me.
D) my experience proves that labor markets are indeed imperfect.
E) I have shifted the derived demand for my services upward.
Correct Answer:
Verified
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