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1. According to the 'income effect' used to explain the Law of Demand, () consumer income increased due to an increase in transfer payments. consumers

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1. According to the 'income effect' used to explain the Law of Demand, () consumer income increased due to an increase in transfer payments. consumers are now wealthier due to government subsidies. O when price goes down, consumers can buy more because they have more mone consumer income increased due to the increase in wages

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