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When a woman is already working, and her wages she will work more if the income effect is greater than the substitution effect she will work more if the substitution effect is greater than the income effect she will work the same amount but have more money O her husband will quit his job

When a woman is already working, and her wages she will work more if the income effect is greater than the substitution effect she will work more if the substitution effect is greater than the income effect she will work the same amount but have more money O her husband will quit his job

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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plz answer both are question correct explain

When a woman is already working, and her wages rise: she will work more if the income effect is greater than the substitution effect she will work more if the substitution effect is greater than the income effect she will work the same amount but have more money. her husband will quit his job.
Transcribed Image Text:When a woman is already working, and her wages rise: she will work more if the income effect is greater than the substitution effect she will work more if the substitution effect is greater than the income effect she will work the same amount but have more money. her husband will quit his job.
If a woman is NOT currently working and her potential wage rises: the substitution effect will pull her towards working the income effect will pull her towards working the income and substitution effects will work in opposite directions O None of the above
Transcribed Image Text:If a woman is NOT currently working and her potential wage rises: the substitution effect will pull her towards working the income effect will pull her towards working the income and substitution effects will work in opposite directions O None of the above
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