If the price of pasta increases and a consumer buys more pasta, we can infer that a
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If the price of pasta increases and a consumer buys more pasta, we can infer that a pasta is a normal good, and the income effect is greater than the substitution effect b pasta is a normal good, and the substitution effect is greater than the income effect c pasta is an inferior good, and the income effect is greater than the substitution effect d pasta is an inferior good, and the substitution effect is greater than the income effect
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Related Book For
Principles Of Microeconomics [Australia And New Zealand Edition]
ISBN: 9781337408066
6th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw
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