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Suppose we have a quasi-linear utility, for the good that enters into utility function in a non-linear way there is: Question 12 options: no substitution
Suppose we have a quasi-linear utility, for the good that enters into utility function in a non-linear way there is: Question 12 options: no substitution effect and Engel curve is vertical no income effect and Engel Curve is vertical a positive income effect and Engel curve is positively sloped no income effect and Engel Curve is horizontal
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
