Consumer will always consume more of a good if their income increases.
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Q42: A rational person can have a negatively-sloped
Q43: Katie wins $3 million in her state's
Q44: The theory of consumer choice is representative
Q45: Consumers face tradeoffs except at the point
Q46: Susie wins $2 million in her state's
Q48: Figure 21-17
The graph shows two budget constraints
Q49: The substitution effect in the work-leisure model
Q50: Figure 21-17
The graph shows two budget constraints
Q51: An increase in the interest rate today
Q52: A decrease in the price of the
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