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consider this, if it was for an inferior good, when the price rises, there is substitution effect which means it reduces the consumption, there will
consider this, if it was for an inferior good, when the price rises, there is substitution effect which means it reduces the consumption, there will be income effect but why is the income effect offset the substitution effect? Please explain, . because if it was the normal good, income and substitution effect would go in the same direction.
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