Labor Supply Elasticity ·
Hours per Wage
un
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.com · Frisch · Marshallian · Hicks · backward-bending
Wage
$30
Hours
40
Beat
—
Frisch supply (ε ≈ 0.7)
Hicks compensated (ε ≈ 0.3)
Marshallian total
New optimum
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Un
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.com · Labor Supply Elasticity