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islandgurl islandgurl
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A year ago
Consider the income and substitution effects of price changes. If the price of a normal good changes, the income effect of the price change will

▸ oppose the substitution effect.

▸ always be larger than the substitution effect.

▸ always be to increase quantity demanded.

▸ reinforce the substitution effect.

▸ produce a positively sloped demand curve.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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lulllull
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A year ago
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islandgurl Author
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A year ago
this is exactly what I needed
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Good timing, thanks!
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