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    Microeconomics Theory and Applications Study Set 2
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    Exam 17: Wages, Rent, Interest, and Profit
  5. Question
    As a Result of the Substitution Effect of a Wage
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As a Result of the Substitution Effect of a Wage

Question 17

Question 17

Multiple Choice

As a result of the substitution effect of a wage increase,a worker will:


A) increase his work effort.
B) increase his leisure time.
C) reduce his work effort.
D) keep leisure time unchanged.

Correct Answer:

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