Multiple Choice
refer to the following figure:
The consumer's income is $2,600.
-The income effect of the increase in the price of X is (approximately)
A) X falls 130 units.
B) X rises 60 units.
C) X falls 60 units.
D) X falls 20 units.
E) X rises 20 units.
Correct Answer:
Verified
Correct Answer:
Verified
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