Serafina was earning $75 per hour and working 50 hours per week.Serafina's wage rose to $90 per hour, and as a result, she now works 60 hours per week.What can you conclude from this information about the income effect and the substitution effect of a wage change for Serafina?

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The Answer of Serafina was earning $75 per hour and working 50 hours per week.Serafina's wage rose to $90 per hour, and as a result, she now works 60 hours per week.What can you conclude from this information about the income effect and the substitution effect of a wage change for Serafina?

Serafina Was Earning $75 Per Hour and Working 50 Hours