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.
Correct Answer:
Verified
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