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Business, 10.09.2020 01:01 MilkTea1

According to the substitution effect, in response to an increase in her wage, a person will Group of answer choices increase hours worked because leisure has become relatively more expensive than consumption. reduce hours worked because she wants to substitute leisure for work. increase both consumption and hours of leisure. increase hours worked because leisure has become relatively less expensive than consumption. reduce hours worked because she wants to substitute work for leisure.

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According to the substitution effect, in response to an increase in her wage, a person will Group of...
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