Solved: How will the following eventspolicies aect the consumers, Business Management

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How will the following eventspolicies aect the consumers

How will the following events/policies aect the consumer's choice of labor supply if at all? Be specic as possible about income and substitution effects:

(a) A raise in wage rate

(b) A labor income tax on all income.

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Business Management: How will the following eventspolicies aect the consumers

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