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Which of the following statements is correct? The dominance of the income effect causes the labour supply curve to slope up to the right. With

Which of the following statements is correct? The dominance of the income effect causes the labour supply curve to slope up to the right. With a demogrant there is both an income and a substitution effect. The price of leisure depends on ones wage rate. An upward sloping labour supply curve has a negative coefficient of wage elasticity of supply

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