Labor Supply: Income and Substitution Effects

[@JeanGenie92]

Thank you! I was really lost with these concepts until I found your very clear explanation.

[@rogerluo9167]

you explained the SE and IE really well. Thank you so much

[@EconomicsinManyLessons]

You are welcome. I appreciate the comment!

[@Sania45688]

You literally saved my life, and my assignment xD thank you for the amazing explanation!

[@EconomicsinManyLessons]

I am glad the video helped!

[@yeremymendelson]

facts bro, video is so lit

[@jsbonhomme]

Your videos are great! Thank you!

[@LYoda]

Would have loved to see some explanatory graphs

[@miraaridi4584]

You just saved my life

[@Venuk]

Great video and great explanation! Hats off to you sir!

[@jjgroup.investments]

Thank you! Clear explanation.

[@dimaalrashee6404]

In the case of a decrease in wage, the substitution effect causes a decrease in the hours of work. In this case the labour supply curve slopes downward. The income effect causes the slope to go upwards
Is that correct?

[@johndeo6013]

Thanks

[@sachinsharma-jh2zw]

Don't the substitution effect and income effect have same direction in case of normal goods?

[@Curlyfries11697]

No that is only the case if leisure is an inferior good. Then they move in the same direction.

[@disciple8064]

sir plz add Hindi language caption on your videos I am sure that many Indian student will found great teacher

[@sarahtasneem8855]

💚❤💚❤💚💚

[@ekidor]

❤️

[@MayankSingh-qg4zv]

themxx