Labor supply will decrease when wages increase if the _______ effect outweighs the _______ effect.
A) price; income
B) income; price
C) substitution; income
D) price; substitution
Correct Answer:
Verified
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Q62: The market labor supply curve is typically:
A)upward
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Q64: If the income effect outweighs the price
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Q67: The labor supply income effect describes the
Q68: Which of the following would be considered
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A)people are
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