question archive If leisure is a normal good, then the income and substitution effects of a wage change will have opposing effects on hours worked
If leisure is a normal good, then the income and substitution effects of a wage change will have opposing effects on hours worked
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If leisure is a normal good, then the income and substitution effects of a wage change will have opposing effects on hours worked. Support your answer with an appropriate diagram and by using the Slutsky Equation for labor supply.
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