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Figure 21-7 -Refer to Figure 21-7.If the Consumer Is Currently at Point

Question 25

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Figure 21-7
Figure 21-7 -Refer to Figure 21-7.If the consumer is currently at point B in the figure,what effect is represented by a movement to point C as a result of a decrease in the price of potato chips A) the substitution effect B) the income effect C) the budget effect D) the price effect
-Refer to Figure 21-7.If the consumer is currently at point B in the figure,what effect is represented by a movement to point C as a result of a decrease in the price of potato chips


A) the substitution effect
B) the income effect
C) the budget effect
D) the price effect

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