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The Substitution Effect of a Wage Decrease,in the Work-Leisure Model,applies

Question 64

Multiple Choice

The substitution effect of a wage decrease,in the work-leisure model,applies when the worker chooses which option


A) He wishes to work less.
B) He wishes to work more.
C) He is indifferent between working more or less.
D) He wishes to work more but be less productive.

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