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Exhibit 12-1 Along Which Part of the Labor Supply

Question 157

Multiple Choice

Exhibit 12-1 Exhibit 12-1 Along which part of the labor supply curve in Exhibit 12-1 does the income effect of a wage change just equal the substitution effect? A) between points a and b B) between points a and c C) between points b and c D) between points b and d E) between points c and d Along which part of the labor supply curve in Exhibit 12-1 does the income effect of a wage change just equal the substitution effect?


A) between points a and b
B) between points a and c
C) between points b and c
D) between points b and d
E) between points c and d

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