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Daniel had been earning $69 per hour and working 45 hours per week. then daniel's wage changes to $83 per hour, and as a result, he now works 40 hours per week. what can we conclude from this information about the income effect and the substitution effect of a wage change for daniel? the substitution effect causes daniel to devote less more the same amount of time to working
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Daniel had been earning $69 per hour and working 45 hours per week. then daniel's wage changes to $8...
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