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The ECON 103 professors have two hundred midterm exams to grade. They offer to hire you to help them grading, paying you twice the amount
The ECON 103 professors have two hundred midterm exams to grade. They offer to hire you to help them grading, paying you twice the amount you would normally receive (because few students are willing to work during the term). You take the job. This would be an example of Question 6 options: the substitution effect being equal to the income effect. the income effect being stronger than the substitution effect. the substitution effect being stronger than the income effect. a pure income effect
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