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kimc6545
Lv1
University of Saskatchewan
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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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kimc6545
Lv1
12 Sep 2022
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