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When Income Effects Are Small

Question 51

Multiple Choice

When income effects are small:


A) there is no difference between the uncompensated demand curve and the uncompensated demand curve.
B) the uncompensated demand curve will be relatively far from the compensated demand curve.
C) the compensated demand curve will intersect the uncompensated demand curve.
D) the uncompensated demand curve lies close to the compensated demand curve.

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