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Graph 22-8 -Refer to Graph 22-8.If the Consumer Is Currently at Point

Question 117

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Graph 22-8 Graph 22-8 -Refer to Graph 22-8.If the consumer is currently at point B on the graph shown, a change to point C as a result of a decrease in the price of potato chips would show the: A) price effect B) budget effect C) substitution effect D) income effect
-Refer to Graph 22-8.If the consumer is currently at point B on the graph shown, a change to point C as a result of a decrease in the price of potato chips would show the:


A) price effect
B) budget effect
C) substitution effect
D) income effect

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