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*5.14 If the wage elasticity of labor supply is negative, what can we say about the slope of the labor{supply curvejand the relative sizes of

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*5.14 If the wage elasticity of labor supply is negative, what can we say about the slope of the labor{supply curvejand the relative sizes of the income and substitution effects? Is leisure a normal or{inferior good |in this case? Will a fall in the tax rate on earnings increase or decrease tax revenues

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