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Comparing the income effects of a given proportional increase in the prices of table salt and housing, (A) the income effect for salt will be
Comparing the income effects of a given proportional increase in the prices of table salt and housing, (A) the income effect for salt will be greater. (B) the income effect for housing will be greater. (C) the two income effects will be precisely the same. (D) the two income effects will be approximately the same, but will work in opposite directions. (E) None of the above.
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