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thomas3333 thomas3333
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Posts: 324
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5 years ago
The fact that consumers will purchase more of a good that has become relatively cheaper
A) is called the nominal income effect.
B) is called the substitution effect.
C) leads to an upward sloping demand curve.
D) leads to negative marginal utility.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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anonymous661anonymous661
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5 years ago
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thomas3333 Author
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5 years ago
Thanks for your help!!
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Just got PERFECT on my quiz
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2 hours ago
Thanks
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