The ECON 103 professors have two hundred midterm exams to grade. They offer to hire you to help them grading, paying you twice the amount you would normally receive (because few students are willing to work during the term). You take the job. This would be an example of the substitution effect being stronger than the income effect. the income effect being stronger than the substitution effect. the substitution effect being equal to the income effect. a pure income effect.

The ECON 103 professors have two hundred midterm exams to grade. They offer to hire you to help them grading, paying you twice the amount you would normally receive (because few students are willing to work during the term). You take the job. This would be an example of the substitution effect being stronger than the income effect. the income effect being stronger than the substitution effect. the substitution effect being equal to the income effect. a pure income effect.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The ECON 103 professors have two hundred midterm exams to grade. They offer to hire you to help them
grading, paying you twice the amount you would normally receive (because few students are willing to work
during the term). You take the job. This would be an example of
the substitution effect being stronger than the income effect.
the income effect being stronger than the substitution effect.
the substitution effect being equal to the income effect.
a pure income effect.

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