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In the case of labor supply,: the income effect and substitution effect work in opposite directions. the income effect and substitution effect work in tandem
In the case of labor supply,: the income effect and substitution effect work in opposite directions. the income effect and substitution effect work in tandem with each other. the income effect and substitution effect sometimes move together and sometimes work in opposite directions. the income effect responds to changes in wages, but the substitution effect does not
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