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The negative income effect states that after a person has reached their target income, that person will prefer to: a. become indifferent between additional hours

The negative income effect states that after a person has reached their target income, that person will prefer to: a. become indifferent between additional hours of work and additional hours of leisure b. spend more time on leisure rather than earning more income c. receive a decrease in pay, resulting in a decrease in their income. d. spend more time working in order to increase their income

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