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Suppose the market wage for road workers increases from $10 per hour to $15 per hour. As a result, Sam, who is a road worker
Suppose the market wage for road workers increases from $10 per hour to $15 per hour. As a result, Sam, who is a road worker chooses to work 3 hours less. Sam's behavior illustrates the ______ effect of a wage increase. Group of answer choices demand substitution income supply
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
