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Suppose Professor Jones Receives a Promotion and an Increase in Her

Question 107

Multiple Choice

Suppose Professor Jones receives a promotion and an increase in her annual salary. Her labor supply curve will be _____ if the substitution effect is _____ than the income effect.


A) upward-sloping; greater than
B) upward-sloping; smaller than
C) downward-sloping; greater than
D) vertical; greater than

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