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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
Suppose the price of an inferior good increases.  Explain the income effect and the substitution effect of this price increase.  In what way is this different from the effects for a normal good?
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kingbykingby
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#1
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7 years ago
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This verified answer contains over 100 words.
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#2
7 years ago
I compared your answer with a buddy, and it matches

Thanks
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#3
7 years ago
Yup, vote with confidence!
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