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(Figure: Quantity of Goods Y and X II) Because of the Income

Question 76

Multiple Choice

(Figure: Quantity of Goods Y and X II) Because of the income effect associated with the decrease in the price of good X, the quantity of good X purchased: (Figure: Quantity of Goods Y and X II) Because of the income effect associated with the decrease in the price of good X, the quantity of good X purchased: A) increases from 3 to 4. B) increases from 4 to 5. C) decreases from 5 to 4. D) increases from 3 to 5.


A) increases from 3 to 4.
B) increases from 4 to 5.
C) decreases from 5 to 4.
D) increases from 3 to 5.

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