To show the substitution effect of a decrease in price, we ________ (increase/decrease) a consumers nominal income

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To show the substitution effect of a decrease in price, we ________ (increase/decrease) a consumer’s nominal income so the consumer can just afford ________.

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Microeconomics Principles Applications And Tools

ISBN: 9780134078878

9th Edition

Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

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