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(Figure: Budget Constraints and Indifference Curves I) the Figure Shows

Question 12

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(Figure: Budget Constraints and Indifference Curves I) The figure shows budget constraints and indifference curves for a representative individual. Identify the substitution effect of the increase in the wage rate in the associated graph. (Figure: Budget Constraints and Indifference Curves I) The figure shows budget constraints and indifference curves for a representative individual. Identify the substitution effect of the increase in the wage rate in the associated graph. A) C to B B) B to A C) A to C D) A to B


A) C to B
B) B to A
C) A to C
D) A to B

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