Dustin's labor supply curve is graphed in Figure 16P-1 a. Consider a wage increase from $5 to
Question:
a. Consider a wage increase from $5 to $6. For Dustin, does the price effect or income effect dominate his labor supply decision?
b. Consider a wage increase from $7 to $8. For Dustin, does the price effect or income effect dominate this labor supply decision?
Figure 16P-1
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Related Book For 
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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