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    Microeconomics Principles for a Changing World
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    Exam 11: The Labor Market
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    (Figure: Labor Supply) Based on the Figure, the Income Effect
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(Figure: Labor Supply) Based on the Figure, the Income Effect

Question 97

Question 97

Multiple Choice

(Figure: Labor Supply) Based on the figure, the income effect begins to dominate above a wage of
(Figure: Labor Supply)  Based on the figure, the income effect begins to dominate above a wage of   A)  $15. B)  $25. C)  $35. D)  $45.


A) $15.
B) $25.
C) $35.
D) $45.

Correct Answer:

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