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    ECON Macro Principles
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    Exam 4: Demand, Supply, and Markets
  5. Question
    For Which of the Following Would the Income Effect of a Price
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For Which of the Following Would the Income Effect of a Price

Question 119

Question 119

Multiple Choice

For which of the following would the income effect of a price change be greatest?  


A)  ballpoint pens 
B)  air travel to Australia 
C)  chewing gum 
D)  haircuts

Correct Answer:

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