Multiple Choice
Exhibit 12-10 
In Exhibit 12-10, which of the following is true between points c and d?
A) The income effect dominates the substitution effect.
B) The substitution effect dominates the income effect.
C) The income effect exactly offsets the substitution effect.
D) No labor is supplied.
E) There is no substitution effect.
Correct Answer:
Verified
Correct Answer:
Verified
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