Income and Substitution Effects of a Wage Increase

Graphical and algebraic demonstration of Income and Substitution effects on an individual's labor supply due to a wage increase in a labor market.

 

Marsh

 
Material Type
Activity
Tags
economics  labor  supply  neoclassical  utility  indifference  wages  substitution  income 
Target Group (Age)
19+
Language
English (United States)
 
 
GeoGebra version
4.0
Views
2454
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