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1 Oct 2019
A tax on labor income ______ which subsequently ______ the equilibrium quantity of labor.
(i) increases the supply of labor; increases
(ii) decreases the supply of labor; decreases
(iii) increases the demand for labor; increases
(iv) decreases the demand for labor; decreases
A tax on labor income ______ which subsequently ______ the equilibrium quantity of labor.
(i) increases the supply of labor; increases
(ii) decreases the supply of labor; decreases
(iii) increases the demand for labor; increases
(iv) decreases the demand for labor; decreases
Verified Answer
Irving HeathcoteLv2
7 Apr 2019
Jeffrey
JD Candidate at Stanford Law School28 May 2020
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