Multiple Choice
Assume that all workers prefer to work 40 hours a week at a given wage.If real estate jobs asks workers to rotate between working 20 hours a week and 60 hours a week,which of these workers is likely to work for the lowest relative average hourly pay in real estate?
A) workers with large income effects
B) workers with small income effects
C) workers with large substitution effects
D) workers with small substitution effects
Correct Answer:

Verified
Correct Answer:
Verified
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