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Assume that a consumer's preferences over goods A and B may be expressed by the utility function u ( A , B ) = (
Assume that a consumer's preferences over goods A and B may be expressed by the utility function Assume the consumer has monetary units. Assume also that A costs monetary unit, while costs monetary units. What is the impact of the substitution effect as the price of B rises to monetary units? Detail your answer. Do not even think of using chatGPT.
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