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Apples Are a Normal Good, So If the Price of an Apple

Question 4

Multiple Choice

Apples are a normal good, so if the price of an apple increases from 50 ¢ to 60¢, the quantity of apples demanded decrease because of

A) a change in income.
B) the substitution effect only.
C) the income effect only.
D) the substitution and income effects.

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