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seeb1999 seeb1999
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Posts: 480
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5 years ago

Question 1.

The substitution effect of a price increase causes a decrease in the quantity of an inferior good demanded.

• true

• false

Question 2.

The substitution effect of a change in the price of cauliflower is the portion of the change in the quantity of cauliflower demanded that can be attributed to the change in the price of a substitute vegetable such as asparagus.

• true

• false
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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h00304413h00304413
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5 years ago
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seeb1999 Author
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5 years ago
Helped a lot
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You make an excellent tutor!
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This site is awesome
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