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Part 11 Essay 1. Discuss the concept of income and substitution effect and be able to give example: 2. Discuss the relationship between utility and

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Part 11 Essay 1. Discuss the concept of income and substitution effect and be able to give example: 2. Discuss the relationship between utility and price. curve. 3. What is the difference between Engel Curve and the Income Consumptions Curve? Draw this

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