In the real world:
A) the price effect usually dominates,and thus we assume a downward sloping supply curve.
B) the income effect usually dominates,and thus we assume a downward sloping supply curve.
C) the price effect usually dominates,and thus we assume an upward sloping supply curve.
D) the income effect usually dominates,and thus we assume an upward sloping supply curve.
Correct Answer:
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