The substitution effect of a wage increase is observed when .
a. leisure's higher opportunity...
The substitution effect of a wage increase is observed when .
a. leisure's higher opportunity cost causes workers to take more leisure and work less.
b. leisure's higher opportunity cost causes workers to take less leisure and work more.
c. the higher wage income causes workers to take more leisure and work more.
d. the higher wage income causes workers to take more leisure and work less.
Answers: 2
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Answers: 3
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