What conclude from information about income effect

Reference no: EM131018146

Daniel was earning $65/hour and working 45 hours/week. Then Daniel's wage rose to $75/hour, and as a result, he now works 40 hours/week. What can we conclude from this information about the income effect and the substitution effect of a wage change for Daniel?

Reference no: EM131018146

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What conclude from information about income effect : Daniel was earning $65/hour and working 45 hours/week. Then Daniel's wage rose to $75/hour, and as a result, he now works 40 hours/week. What can we conclude from this information about the income effect and the substitution effect of a wage chang..

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