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    Exam 21: The Theory of Consumer Choice
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    If Goods Are Perfect Substitutes,what Is the Income Effect of a Price
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If Goods Are Perfect Substitutes,what Is the Income Effect of a Price

Question 143

Question 143

Multiple Choice

If goods are perfect substitutes,what is the income effect of a price change on the other good


A) positive only
B) zero only
C) negative only
D) zero or positive

Correct Answer:

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