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III. Use the diagram(s) to answer the following questions: 1. Examine the nature of the disincentive effects that are involved with our El programme. Your

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III. Use the diagram(s) to answer the following questions: 1. Examine the nature of the disincentive effects that are involved with our El programme. Your answer should be set in the framework of leisure- choice model. In your answer, pay a special attention to the income effect and the substitution effect. (10%)

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