Ignoring income effects, an increase in the wage rate will cause an increase in the quantity of labor supplied.

Name: Ignoring income effects, an increase in the wage rate will cause an increase in the quantity of labor supplied.
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Ignoring income effects, the substitution effect implies that an increase in the wage rate makes leisure more expensive relative to work, leading individuals to supply more labor.

Ignoring Income Effects, an Increase in the Wage Rate Will