Explain the relationship between the income effect and the, Business Economics

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Explain the relationship between the income effect and the

a. Explain the relationship between the income effect and the added worker effect

b. With reference to output and substitution effects, explain why and how an increase in the wage rate of autoworkers will generate a negative employment response in the long run than in the short run. Assume no changes in prices on non labour input and assume labour productivity remains constant.

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