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nancy2457 nancy2457
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A year ago
Suppose a consumer can purchase only two goods, soap and apples. If the price of soap falls and the consumption of apples increases, we can conclude that the increased consumption of apples is due to

▸ the income effect only.

▸ both the income effect and the substitution effect.

▸ neither the income effect nor the substitution effect.

▸ the substitution effect only.

▸ the deflation effect.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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livewelldreambilivewelldreambi
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A year ago
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nancy2457 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
lolaww
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Yesterday
Correct Slight Smile TY
sleinhi
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2 hours ago
This helped my grade so much Perfect
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