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.
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Marsh —

 
Resource Type
Activity
Tags
economics  income  indifference  labor  neoclassical  substitution  supply  utility  wages 
Target Group (Age)
19+
Language
English (United States)
 
 
GeoGebra version
4.0
Views
2722
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License
CC-BY-SA, GeoGebra Terms of Use
 
 
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