a. If Jim changes the quantities that he buys, will he buy more or fewer muffins and

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a. If Jim changes the quantities that he buys, will he buy more or fewer muffins and more or less coffee?

b. When the prices change, will there be an income effect, a substitution effect, or both at work?

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Economics

ISBN: 125380

10th Edition

Authors: Michael Parkin ,Robin Bade

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