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Julia Is Offered Two Options of Government Subsidies: $100 Food

Question 28

Multiple Choice

Julia is offered two options of government subsidies: $100 food stamp or $100 cash.If she receives $100 cash,she will spend $80 on food.If equivalent evaluation is measured for the situation when only $100 is available to her,the equivalent evaluation is


A) greater than $100.
B) equal to $100.
C) less than $100.
D) Not enough information.

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