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Q1-What do we assume is the impact on the amount of leisure taken when the individual gets an increase in non-labor income? Q2-When the wage
Q1-What do we assume is the impact on the amount of leisure taken when the individual gets an increase in non-labor income?
Q2-When the wage rate increases what happens to the amount of leisure taken when the income effect of the wage increase is less than the substitution effect of a wage increase?
Q3-What does a backward bending supply curve show (as the wage increases...)?
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