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A tax on labor income: Group of answer choices results only in an income effect that always decreases hours worked per year. results in a
A tax on labor income: Group of answer choices results only in an income effect that always decreases hours worked per year. results in a substitution effect that always decreases hours worked per year. results in an income effect that increases hours worked per year if leisure is a normal good. both (a) and (b) both (b) and (c)
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