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Which of the following is true about the income effect? Question 13 options: A) As people's incomes decrease, they continue purchasing high-quality items in high
Which of the following is true about the income effect? Question 13 options: A) As people's incomes decrease, they continue purchasing high-quality items in high amounts. B) Consumers' changing incomes change the quality of their purchases but not the amounts. C) As people's incomes increase, they purchase higher-quality items in higher amounts. D) Consumers' changing incomes change the amounts of their purchases but not the quality
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