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25 Apr 2018

62) For Lorne, a move from a to b reflects A) A pure income effect. B) A pure substitution effect. C) An income effect that is stronger than the substitution effect. D) A substitution effect that is stronger than the income effect. E) A substitution effect and an income effect that work in the same direction.

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Hubert Koch
Hubert KochLv2
27 Apr 2018
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