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Refer to the Following Figure That Shows the Effect of an INCREASE

Question 49

Multiple Choice

refer to the following figure that shows the effect of an INCREASE in the price of X.
refer to the following figure that shows the effect of an INCREASE in the price of X. -The income effect of the price change is the change in the consumption of X from A) 5 to 3. B) 6 to 3. C) 6 to 5. D) 6 to 8. E) none of the above
-The income effect of the price change is the change in the consumption of X from


A) 5 to 3.
B) 6 to 3.
C) 6 to 5.
D) 6 to 8.
E) none of the above

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