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Only need to Answer 1 (a) & (b) with illustrations 1. a. Illustrate the income and substitution effects of an increase in P, if Ex>0
Only need to Answer 1 (a) & (b) with illustrations 
1. a. Illustrate the income and substitution effects of an increase in P, if Ex>0 (normal good). b. Illustrate the income and substitution effects of a decrease in P, if / Step by Step Solution
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Financial And Managerial Accounting
Authors: John J. Wild
9th Edition
1260728773, 9781260728774
