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The resource market is the same as the product market except that, in the resource market: Group of answer choices there is no income effect.
The resource market is the same as the product market except that, in the resource market: Group of answer choices there is no income effect. the households are the sellers and the firms are the buyers. there is no substitution effect. the supply curve is perfectly inelastic. the demand curve slopes upward
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
