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Lauren1 Lauren1
wrote...
Posts: 4120
9 years ago
When the price of a pizza decreases from $14 to $12,
A) the income effect means people buy less pizza.
B) the income effect points out that the total purchasing power of people who buy pizza increases.
C) the income effect means that the demand for pizza will not change.
D) None of the above answers is correct.
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5 Replies
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Answer accepted by topic starter
MrDerecheMrDereche
wrote...
Top Poster
Posts: 4096
9 years ago
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Lauren1 Author
wrote...
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
9 years ago
You're welcome!
Anonymous
wrote...
3 days ago
Help! The answer is missing an explanation...
wrote...
3 days ago
Added more details, let me know if it helps
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