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

 
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
2503
Report a problem
 
 
© 2018 International GeoGebra Institute