FIGURE 6- 12 Sophie consumes two goods - paperback novels and visits to the movies.
-Refer to Figure 6- 12.Sophie's movement from point A to point B is the
A) income effect of an increase in the price of paperback novels.
B) result of a change in her preferences between movies an paperback novels.
C) total effect of a decrease in income.
D) substitution effect of a decrease in the price of paperback novels.
E) total effect of an increase in the price of paperback novels.
Correct Answer:
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