Multiple Choice
Graph 22-7
-Refer to Graph 22-7. If the consumer is currently at point A on the graph shown, a change to point B as a result of a decrease in the price of potato chips would show the:
A) price effect
B) budget effect
C) substitution effect
D) income effect
Correct Answer:
Verified
Correct Answer:
Verified
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Q106: Graph 22-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8324/.jpg" alt="Graph 22-8
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