Multiple Choice
Figure 21-21
-Refer to Figure 21-21. Suppose that a consumer is originally at point R. Then the price of good X decreases. Which of the following represents the income effect of the price decrease?
A) the movement from point R to point S
B) the movement from point R to point T
C) the movement from point T to point S
D) None of the above is correct.
Correct Answer:

Verified
Correct Answer:
Verified
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Q310: Figure 21-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-12
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