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Author Question: Consider the income and substitution effects of price changes. Suppose the price of potatoes falls ... (Read 68 times)

xjustxicex

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on: Oct 12, 2022
Consider the income and substitution effects of price changes. Suppose the price of potatoes falls and we observe a decrease in an individual's purchases of potatoes. Which of the following can we infer?
◦ The income effect is negative and reinforces the substitution effect.
◦ The income effect just offsets the substitution effect.
◦ The income effect is positive and exceeds the substitution effect.
◦ The income effect is negative and outweighs the substitution effect.
◦ The substitution effect outweighs the income effect.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xjustxicex on Oct 12, 2022

dsd1212

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Reply #1 on: Oct 12, 2022
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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xjustxicex

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

nanny

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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