Economic studies of lottery winners and people who have inherited large amounts of money show that A: most prople's labor supply is unaffected by changes in wealth B: the income effect likely outweighs the subsitution effect for most people C: most people view leisure as an inferior good D: the substitution effect likely outweights the income effect for most people
Economic studies of lottery winners and people who have inherited large amounts of money show that A: most prople's labor supply is unaffected by changes in wealth B: the income effect likely outweighs the subsitution effect for most people C: most people view leisure as an inferior good D: the substitution effect likely outweights the income effect for most people
1