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Business, 16.02.2021 05:00 scottkayce
According to the substitution effect of labor supply, when the wage rate goes up: Group of answer choices it becomes more costly to consume leisure, so people will work more. it becomes less costly to consume leisure, so people will work more. the opportunity cost of enjoying leisure goes down. firms will hire more workers since people are more willing to work.
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According to the substitution effect of labor supply, when the wage rate goes up: Group of answer ch...
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