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Questions Are Based on the Following Diagram

question 35

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Questions are based on the following diagram:
Questions   are based on the following diagram:   -The equilibrium positions shown in the diagram imply that for a wage increase: A) both the income and substitution effects increase desired work hours B) both the income and substitution effects reduce desired work hours C) the income effect increases desired work hours and the substitution effect reduces desired work hours D) the income effect reduces desired work hours and the substitution effect increases desired work hours
-The equilibrium positions shown in the diagram imply that for a wage increase:


Definitions:

Bilingual

The ability to communicate fluently in two different languages.

Socioeconomic Status

A collective term for a person's social and economic position relative to others, based on income, education, and occupation.

Native Language Speakers

Individuals who speak a language that they have acquired in their early childhood and consider it their first language.

Infant-Directed Speech

A type of speech characterized by a higher pitch, slower tempo, and exaggerated intonation, used by adults when talking to infants, to aid language acquisition.

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