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Sophie Consumes Two Goods - Paperback Novels and Visits to the Movies

Question 124

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


A) the income effect of an increase in the price of paperback novels.
B) the total effect of a decrease in the price of paperback novels.
C) the income effect of a decrease in the price of paperback novels.
D) the substitution effect of an increase in the price of paperback novels.
E) the total effect of a change in money income.

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