An increase in real dividend income minus taxes represents
A) a pure substitution effect.
B) a pure income effect.
C) a combination of income and substitution effects.
D) neither a pure income effect nor a pure substitution effect.
E) an income effect which is greater than the substitution effect.
Correct Answer:
Verified
Q37: A consumer's real disposable income equals
A) wage
Q38: A lump-sum tax is a tax that
A)
Q39: That indifference curves are downward sloping
A) is
Q40: The real wage denotes
A) the number of
Q41: The construct of a representative firm is
Q43: An increase in the real wage
A) unambiguously
Q44: In the goal of consumer optimization,it is
Q45: The marginal product of a factor of
Q46: Constant returns to scale means that,given any
Q47: Perfect complements will have
A) straight line indifference
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