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10 Oct 2018
12) Which statement is true for a normal good? A) As income increases, consumption decreases. B) As income increases, consumption remains constant. C) As price falls, we cannot tell whether consumption increases or decreases. D) The income effect dominates the substitution effect. E) The income effect reinforces the substitution effect.
12) Which statement is true for a normal good? A) As income increases, consumption decreases. B) As income increases, consumption remains constant. C) As price falls, we cannot tell whether consumption increases or decreases. D) The income effect dominates the substitution effect. E) The income effect reinforces the substitution effect.
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Deanna HettingerLv2
12 Oct 2018
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