5. A friend mentions to you that the campus coffee shop offers a 10% discount each Thursday...

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5. A friend mentions to you that the campus coffee shop offers a 10% discount each Thursday morning before 10 a.m. Is this discount more likely to cause a significant substitution effect or a significant real-income effect? Explain.

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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