Question
[Builds from Q2(a), Q2(b), and Q2(c)] Suppose you decide to keep working after the three hour commute is introduced. Relative to part (a), do you
[Builds from Q2(a), Q2(b), and Q2(c)]
Suppose you decide to keep working after the three hour commute is introduced. Relative to part (a), do you expect your leisure hours to increase, decrease, or stay the same? Explain with reference to income and substitution effects.
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Economics
Authors: John Sloman, Jon Guest, Dean Garratt
10th edition
1292187859, 9781292187907 , 978-1292187853
