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A Backward-Bending Supply Curve of Labor Shows That at Relatively

Question 105

Multiple Choice

A backward-bending supply curve of labor shows that at relatively high wages the _____ effect dominates the _____ effect,and the supply curve has a _____ slope.


A) income;substitution;positive
B) income;substitution;negative
C) substitution;income;positive
D) substitution;income;negative

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