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The Income Effect of a Price Change Results in a

Question 150

Multiple Choice

The income effect of a price change results in a


A) shift of the demand curve when income changes.
B) movement along the demand curve due to a change in relative prices.
C) shift of the demand curve due to a change in purchasing power brought about by the price change.
D) movement along the demand curve due to a change in purchasing power brought about by the price change.

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