Answer:
Option A, “the substitution effect dominates the income effect” is correct.
Explanation:
If the real wage increases then the opportunity cost for leisure will also increase. Therefore, an increase in real wages and a rise in the opportunity cost of leisure induce labor to supply more workforce or labor force. This is known as the substitution effect. Moreover, when this substitution effect is greater than the income effect then the supply curve for labor is upward sloping.
Mp3 files are more easily assessed and used by the public, making it a more viable option for files which you intend to share.
Answer:
INCREASED INTEREST RATES WHICH REDUCES PRIVATE SPENDING.
Explanation:
Crowding out occurs when government increases its spending thus leading to a drop in private spending. It is a deliberate government policy to push out private spending so as to create more funds for loans. This then results in increased interest rates.
The action where the manager asks the chef to cook the chicken breasts again is what is called corrective action.
<h3>What is corrective action?</h3>
This is an action that has to be carried out as a way of taking care of something that has not being done in the way that it should have been done. It is the way of getting people to take care of their mistakes.
The manager wants the chef to take care of her mistakes this was the reason why he has asked her to re cook the because the temperature was not right.
Read more on corrective action here: brainly.com/question/15851754
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When new firms have an incentive to enter a competitive market, their entry will BRING DOWN PROFITS OF EXISTING FIRMS IN THE MARKET.
This is because, those customers who are patronizing the existing firms before will start patronizing the new firms.
