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Suppose the price of good Y is $18. Use the information given in the figure below to answer this question. 60 R Quantity of Y
Suppose the price of good Y is $18. Use the information given in the figure below to answer this question. 60 R Quantity of Y Demand for X m n Price of X 15 S X 36 42 Quantity of X Quantity demanded of X When the price of X increases from point S to point R along the demand curve, the substitution effect of the price increase is price increase is and the total effect of the price increase is Multiple Choice -36; +15; -21
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