Answer:Substitution effect is greater than Income Effect
Explanation:
When there is increase in supply of labor as the wage rate increases then substitution effect dominates over Income effect.
on the other hand, When supply of labor decreases as the wage rate increases then income effect is stronger than substitution effect.
Here in this case with the increase in wage rate there is an increase in working hours. Therefore Substitution effect is greater than Income Effect
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There could have been a water source there a long time ago. The temperatures get higher as the years progress.
Answer:
They were protesting the high taxes set by the British government. By throwing the tea into the harbor, the colonists were proving that the British could not force them to pay the high duties on tea
