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1. Consider the gure below. Bundle A is the original bundle, and bundle C is chosen after the price of X changes. Determine which of

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1. Consider the gure below. Bundle A is the original bundle, and bundle C is chosen after the price of X changes. Determine which of the following statements is TRUE. Good X's Engel curve slopes upward. The income consumption curve slopes upward. The price consumption curve as the price of x changes slopes downward. The income effect on Good x is stronger than the substitution effect. Good x is a Giffen good. @PPP

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