The income effect will be large: if a large fraction of the budget was being spent on

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The income effect will be large: if a large fraction of the budget was being spent on the good before its price changed. if a small fraction of the budget was being spent on the good before its price changed. if the two goods are complements. if the two goods are perfect complements

Posted Date: Jun 11, 2024 06:13 PM

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The income effect will be large: if a large fraction of the budget was being spent on

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