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True or False. The income effect and the substitution effect of a price change always affect demand in the same direction. Explain. [2 points]
- True or False. The income effect and the substitution effect of a price change always affect demand in the same direction. Explain. [2 points]
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
