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Exhibit 12.7
-Refer to Exhibit 12.7,which shows a backward-bending labor supply curve for an individual.In the figure below,when the wage rate increases from $9 to $12,the substitution effect outweighs the income effect.
Inadequate Diet
A diet lacking in the necessary nutrients to maintain healthy bodily function.
Decreased Activity
A reduction in usual or normal physical movement or endeavors, which can be a symptom of underlying health issues or conditions.
Mood Swings
Mood swings refer to rapid and often extreme fluctuations in one's emotional state, without a clear cause.
Mental Health
Refers to the cognitive, behavioral, and emotional wellbeing of an individual; it is about how people think, feel, and behave.
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