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britt138 britt138
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A year ago
Consider the income and substitution effects of price changes. The income effect refers to the change in quantity demanded that occurs as a result of a change in

▸ relative prices, with real income held constant.

▸ preferences, with real income held constant.

▸ money income, with relative prices held constant.

▸ real income, with relative prices held constant.

▸ marginal utility, with real income held constant.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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vicky12345vicky12345
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A year ago
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A year ago
Thank you, thank you, thank you!
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