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melisooflyy melisooflyy
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A year ago

Emily's income is $400. She only buys goods X and Y.

Short description: Two decreasing lines, two dashed decreasing lines, and two concave up decreasing curves are graphed on an XY coordinate plane. Long description: The decreasing lines begin at the same point. The first curve, I subscript 1 intersects the first line at 3 on the horizontal axis. The first curve, I subscript 1 intersects the second line at 6 on the horizontal axis. The first curve, I subscript 1 intersects the first dashed line at 10 on the horizontal axis. The second curve, I subscript 2 intersects the second dashed line at 8 on the horizontal axis. The second curve intersects the first line at 12 on the horizontal axis.

FIGURE 6-13

Refer to Figure 6-13. When the price of X rises, the substitution effect is that the quantity of X changes by



▸ 2 units.

▸ 3 units.

▸ 4 units.

▸ 6 units.

▸ 12 units.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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jaimielaviejaimielavie
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A year ago
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melisooflyy Author
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A year ago
Correct Slight Smile TY
kriggs62
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Helped a lot
Chaldoren
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2 hours ago
this is exactly what I needed
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