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    Exam 3: Government Control of Prices in Mixed Systems: Who Are the Winners and Losers
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    A Change in the Hours of Work That Occurs in Response
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A Change in the Hours of Work That Occurs in Response

Question 75

Question 75

Multiple Choice

A change in the hours of work that occurs in response to a wage change,other things equal,is known as the


A) Supply of labor
B) Substitution effect
C) Income effect
D) Wage effect
E) Opportunity cost of labor

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