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Author Question: Effect of Prices on the Marginal Rate of SubstitutionThe graph shows the effect on consumption after ... (Read 171 times)

nods

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on: Nov 23, 2022
Effect of Prices on the Marginal Rate of Substitution

The graph shows the effect on consumption after a decrease in price for soap.

Assume that Q1=15, Q2=19, Q3=25, Q4=7, Q5=13, and Q6=18. At the original price, Sally consumes at point A and after the price change, Sally consumes at point C. Because of the price change, Sally increases her consumption of soap by ________ bottles: ________ bottles represent an increase due to the substitution effect and ________ bottles represent an increase due to the income effect.
◦ 18, 7, 13
◦ 11, 6, 5
◦ 18, 13, 7
◦ 11, 5, 6
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by nods on Nov 23, 2022

Harsh06

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Reply #1 on: Nov 23, 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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nods

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Reply 2 on: Nov 23, 2022
Excellent

cassie_ragen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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