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Figure 12.4 -Refer to Figure 12.4.Which of the Following Is True at Is

Question 202

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Figure 12.4 Figure 12.4 -Refer to Figure 12.4.Which of the following is true at W<sub>0</sub>? A) The income effect is larger than the substitution effect. B) The substitution effect is larger than the income effect. C) The income effect and the substitution effect are equal. D) The supply curve is positively sloped.
-Refer to Figure 12.4.Which of the following is true at W0?


A) The income effect is larger than the substitution effect.
B) The substitution effect is larger than the income effect.
C) The income effect and the substitution effect are equal.
D) The supply curve is positively sloped.

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