=+Illustrate substitution and wealth effects; that is, the initial bundle, the bundle that incorporates a substitution effect
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=+Illustrate substitution and wealth effects; that is, the initial bundle, the bundle that incorporates a substitution effect from a wage increase, and the final bundle chosen under the wage increase, assuming that your tastes for consumption and leisure are properly modeled as perfect complements.
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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