Suppose that the cost of living increases, thereby reducing the purchasing power of your income. If your money wage doesn't increase, you may work more hours because of this cost-of-living increase. Is this response predominantly an income effect or a substitution effect?

### Recently Asked Questions

- Let g( x ) be the reflection of f( x ) = x 2 +3 in the x-axis. What is the function rule for g( x )?

- Are the Japanese high-context communicators or low-context communicators?

- 1. ANZ is offering a product that pays out $3,000 quarterly from the end of Mar 2021 to the end of Dec 2030 with annual interest rate 6% compounded