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(Solved): Q12.8 1.5 Points Suppose \pi -T<=w<=(\pi -T)/(1-h) holds and the wage rate has decreased exoge ...
Q12.8 1.5 Points Suppose
\pi -T<=w<=(\pi -T)/(1-h)holds and the wage rate has decreased exogenously. Its income effect and substitution effect on consumption are
_(_())_(_())and
_(_())_(_())in order. Choose the correct one.
?negative, negative
?zero, negative
?positive, negative
?positive, positive
_(_())_(_())Last saved on Oct 19 at 11.05 AM
