opposite to that of the price change, ( ) just like the sultsky substitution effect
A: Hicks substitution effect must be in a direction
B: SARP is both a necessary and a sufficient condition ( Unlike WARP) for what?
C: Hicks substitution effect
D: The substitution effect is
A: Hicks substitution effect must be in a direction
B: SARP is both a necessary and a sufficient condition ( Unlike WARP) for what?
C: Hicks substitution effect
D: The substitution effect is
举一反三
- opposite to that of the price change, ( ) just like the sultsky substitution effect
- 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
- The substitution effect in the work-leisure model induces a person to work less in response to higher wages, which tends to make the labor-supply curve slope upward A: 正确 B: 错误
- 中国大学MOOC: The substitution effect in the work-leisure model induces a person to work less in response to higher wages, which tends to make the labor-supply curve slope upward
- The base substitution in the coding region of the gene must lead to the change of protein structure