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content area Part 1 When the price of a good drops, consumers purchase more because of Part 2 A. both the income and substitution effect.
content area Part 1 When the price of a good drops, consumers purchase more because of Part 2 A. both the income and substitution effect. B. the substitution effect only. C. neither the income nor the substitution effect. D. the income effect only
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
