Business, 10.12.2019 01:31 isabelsmhl
You win the million-dollar lottery and decide to quit working. how can you explain this decision using economics? choose one or more: a. the income effect now governs your behavior as you supply more labor. b. the income effect now governs your behavior as you demand more leisure. c. the substitution effect now governs your behavior as you demand more leisure. d. the opportunity cost of leisure goes up. e. the opportunity cost of leisure goes down. f. the substitution effect now governs your behavior as you demand less leisure.
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You win the million-dollar lottery and decide to quit working. how can you explain this decision usi...
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