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Jake experiences an increase in his wages. The hours of labor that he supplies to the market would decrease if


A、the income effect is larger than the substitution effect.;

B、the substitution effect is larger than the income effect.;

C、neither the income effect nor the substitution effect apply to Jake’s labor­leisure tradeoff.;

D、Jake views both labor and leisure as inferior goods.

发布时间:2026-01-24 20:38:24
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答案:the income effect is larger than the substitution effect.
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