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Lauren1 Lauren1
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Posts: 4120
Rep: 12 0
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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MrDerecheMrDereche
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#1
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Posts: 4096
Rep: 304 0
9 years ago
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Lauren1 Author
wrote...
#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
Anonymous
wrote...
#4
8 hours ago
Help! The answer is missing an explanation...
wrote...
#5
3 hours ago
Added more details, let me know if it helps
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