Question:
A decrease in the income tax rate has a ________ effect on the labour supply if the ________ effect dominates.
A decrease in the income tax rate has a ________ effect on the labour supply if the ________ effect dominates.
Updated On: Jul 18, 2024
- negative; income
- positive; substitution
- positive; income
- negative; substitution
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The Correct Option is A, B
Solution and Explanation
The correct option is (A) : negative; income and (B) : positive; substitution.
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