Question

The labor supply curve will be positively sloped if the substitution effect of wages is 0 Equal to the income effect of wages. 0 Stronger than the income effect of wages. 0 Weaker than the income effect of wages. 0 O Negative. 0 O Nonexistant.

Answer 1

The labor supply curve will be positively sloped if the substitution effect of wages is  weaker than the income effect of wages.

The meaning of substitute

Substitution in an algebraic statement refers to replacing the variables' (variables') numerical values with their letters. The expression's total value can then be determined after that.

What really happens during substitution?

The substitution method is one method for resolving systems of equations. The substitution method can be used with a single equation to find an expression for one of the variables in terms of the other variable. Put that expression in the second equation in lieu of the variable.

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