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-The Figure Above Illustrates Elijah's Preferences

Question 112

Multiple Choice

-The figure above illustrates Elijah's preferences. He is currently at point A. The price of pizza decreases. The move from point A to point _______ is the substitution effect and the move from point _______ to point _______ is the income effect. A) B; B; C B) E; E; C C) C; C; B D) D; D; B
-The figure above illustrates Elijah's preferences. He is currently at point A. The price of pizza decreases. The move from point A to point _______ is the substitution effect and the move from point _______ to point _______ is the income effect.


A) B; B; C
B) E; E; C
C) C; C; B
D) D; D; B

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