If Jeff's Wage Rate Rises,he Decides to Work More Hours

question 43

Multiple Choice

If Jeff's wage rate rises,he decides to work more hours.From this,we can infer that

• A)for Jeff, the substitution effect is greater than the income effect.
• B)for Jeff, the substitution effect is equal to the income effect.
• C)for Jeff, the substitution effect is less than the income effect.
• D)Jeff is confused.

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