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    Principles of Micro Economics
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    Exam 5: Demand Analysis and Utility Theory in Economics
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    If Income Effect Works in the Direction Opposite to That
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If Income Effect Works in the Direction Opposite to That

Question 12

Question 12

Multiple Choice

If income effect works in the direction opposite to that of substitution effect, the good is not:


A) Giffen good
B) Inferior good
C) Normal good
D) Superior Good

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