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If for a Given Individual, Between a Wage Rate of $20

Question 91

Multiple Choice

If for a given individual, between a wage rate of $20 and $25 the ____________________ effect outweighs the ________________ effect, the individual's supply curve of labor curve between those two wages will be _________________.


A) substitution; income; vertical
B) substitution; income; upward sloping
C) substitution; income; downward sloping
D) income; substitution; vertical
E) ​income; substitution; upward sloping

Correct Answer:

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