Question: From the graph, the labor supply curve is vertical because: The figure depicts the hourly wage (dollars per hour) on the vertical axis, and quantity

From the graph, the labor supply curve is vertical because: The figure depicts the hourly wage (dollars per hour) on the vertical axis, and quantity (weekly hours of work) on the horizontal axis. There is a vertical line, representing the individual labor supply curve. the income effect dominates. the substitution effect dominates. the substitution effect dominates at low wages and income effect dominates at higher wages. the income and substitution effects offset each other

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