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Suppose good A is a normal good and the price of good A decreases. Then: Question 26 options: the substitution effect will cause a decrease
Suppose good A is a normal good and the price of good A decreases. Then:
Question 26 options:
the substitution effect will cause a decrease in the consumption of good A. | |
the income effect will cause a decrease in the consumption of good A. | |
the income effect will cause an increase in the consumption of good A. | |
the substitution effect will cause a decrease in the consumption of good A and the income effect will cause a decrease in the consumption of good A.. |
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