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