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radiants radiants
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5 years ago
Which of the following statements is FALSE regarding consumer choice?
A) Each change in price has a substitution effect and a real income effect.
B) When price falls, the consumer chooses in favor of the cheaper good.
C) Diminishing marginal utility is one reason for a downward sloping demand curve.
D) Purchasing power has an inverse relationship with the rise in income.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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homework1homework1
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radiants Author
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5 years ago
Happy Dummy I'm impressed
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