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-In the Above Figure, Income Is $8, the Price of a Soft

Question 108

Multiple Choice

-In the above figure, income is $8, the price of a soft drink is $1, and the initial price of a milkshake is $2. If the price of a milkshake decreases to $1, the income effect is the movement from point ________ to point ________. A) a; b B) b; d C) b; c D) a; c
-In the above figure, income is $8, the price of a soft drink is $1, and the initial price of a milkshake is $2. If the price of a milkshake decreases to $1, the income effect is the movement from point ________ to point ________.


A) a; b
B) b; d
C) b; c
D) a; c

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