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    Principles of Economics Study Set 8
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    Exam 21: The Theory of Consumer Choice
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    Shelley Wins $1 Million in Her State's Lottery
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Shelley Wins $1 Million in Her State's Lottery

Question 89

Question 89

True/False

Shelley wins $1 million in her state's lottery. If Shelley keeps working after she wins the money, we can infer that the substitution effect must exactly offset the income effect for her.

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