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In the upward-sloping portion of the individual labor-supply curve, the substitution effect is Group of answer choices greater than the income effect. less than the income effect. equal to the income effect. exactly offset by the income effect.

Respuesta :

In the upward-sloping portion of the individual labor-supply curve, the substitution effect is

greater than the income effect.

What is substitution?

Substitution of a particular products is determined by the income of an individual and it is greater on labour because it is directly proportional to what an initial can afford at a given price

Therefore, In the upward-sloping portion of the individual labor-supply curve, the substitution effect is greater than the income effect.

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