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If the price of normal good X, rises, the income...

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If the price of normal good X, rises, the income A. and substitution effects will both induce the consumer to buy more of X B. and substitution effects will both induce the consumer to buy less of X C. effect will induce the consumer to buy less of X and the substitution will induce him to buy more D. effect will induce the consumer to buy more of X and the substitution effect will induce him to buy less

 

Paper#5156 | Written in 18-Jul-2015

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