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You are out on a Friday evening and decide to stop for an ice-cream cone. Usually you buy a single-scoop cone for $2. Tonight the
You are out on a Friday evening and decide to stop for an ice-cream cone. Usually you buy a single-scoop cone for $2. Tonight the shop is offering two single-scoop cones for $3, so you buy one for you and one for your friend. This scenario illustrates the: Multiple choice question. substitution effect. market effect. income effect. price effect
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
