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If Simone, Who Recently Received an Increase in Wages, Decides

Question 40

Multiple Choice

If Simone, who recently received an increase in wages, decides to work more hours, the _____ effect for leisure outweighs the _____ effect for her.


A) income; complementary
B) substitution; income
C) complementary; elasticity
D) income; substitution

Correct Answer:

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