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    Microeconomics Study Set 8
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    Exam 3: Where Prices Come From: The Interaction of Demand and Supply
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    The Income Effect of a Price Change Refers to the Change
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The Income Effect of a Price Change Refers to the Change

Question 31

Question 31

True/False

The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in the price of an inferior product.

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