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Author Question: The substitution effect of a price change (Read 29 times)

hannahmadyronde

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on: Oct 12, 2022
The substitution effect of a price change
◦ is equal to the income effect for inferior goods.
◦ outweighs the income effect for Giffen goods.
◦ will result in the consumer buying less of a good at a lower price.
◦ will result in the consumer buying less of a good at a higher price.
◦ is equal to the income effect for normal goods.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by hannahmadyronde on Oct 12, 2022

romyclv

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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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hannahmadyronde

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

Joy Chen

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

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