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Author Question: For normal goods (Read 51 times)

Lobcity

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on: Apr 19, 2019

Question 1

A rise in the price of Pepsi that causes a household to shift its purchasing pattern toward Coke and away from Pepsi is the ________ effect of a price change.


◦ income
◦ substitution
◦ complementary
◦ diminishing marginal utility

Question 2

For normal goods


◦ the substitution and income effects of a price decrease will both decrease the quantity of the good demanded.
◦ the substitution and income effects of a price decrease will both increase the quantity of the good demanded.
◦ the substitution effect of a price decrease will increase the quantity of the good demanded while the income effect of a price decrease will decrease the quantity of the good demanded.
◦ the substitution effect of a price decrease will decrease the quantity of the good demanded while the income effect of a price decrease will increase the quantity of the good demanded.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Lobcity on Apr 19, 2019

yuyiding

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Lobcity

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Reply 2 on: Apr 19, 2019
Excellent

upturnedfurball

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Reply 3 on: Yesterday
:D TYSM

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