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Other Fields Homework Help Economics Topic started by: Satsume on Oct 24, 2017



Title: Good A is an inferior good. If the price of good A were to suddenly double, the substitution effect ...
Post by: Satsume on Oct 24, 2017
Good A is an inferior good. If the price of good A were to suddenly double, the substitution effect would cause the purchases of good A to increase by
A) more than double.
B) exactly double.
C) less than double.
D) Any of the above are possible.
E) none of the above


Title: Re: Good A is an inferior good. If the price of good A were to suddenly double, the substitution ...
Post by: boransal on Oct 24, 2017
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