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    Managerial economics
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    Exam 5: Theory of Consumer Behavior
  5. Question
    Refer to the Following Figure That Shows the Effect of an INCREASE
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Refer to the Following Figure That Shows the Effect of an INCREASE

Question 29

Question 29

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 total 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 total 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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