When tastes are quasilinear in leisure, the labor supply curve is vertical.
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Q13: If tastes are homothetic in leisure and
Q14: For the same sized substitution effect, own-price
Q15: An increase in the price of good
Q16: Suppose your tastes over consumption and leisure
Q17: Unless a good is a Giffen good,
Q19: In order for someone to switch from
Q20: Goods like exclusive designer clothes carry with
Q21: Suppose your utility function is given by
Q22: Suppose your tastes can be represented by
Q23: Consider a consumer who consumes only
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