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    Exam 30: The Labor Market
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    Kip Will Work Fewer Hours If His Salary Increases
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Kip Will Work Fewer Hours If His Salary Increases

Question 25

Question 25

Multiple Choice

Kip will work fewer hours if his salary increases.For Kip,the ___________ effect must outweigh the __________ effect.


A) substitution;income
B) income;substitution
C) income;utility

Correct Answer:

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