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Figure 17-4 -Refer to Figure 17-4.Which of the Following Is True at Is

Question 103

Multiple Choice

Figure 17-4 Figure 17-4 -Refer to Figure 17-4.Which of the following is true at W2? A) The income effect is larger than the substitution effect. B) The substitution effect is larger than the income effect. C) The income effect and the substitution effect are equal. D) The supply curve is positively sloped.
-Refer to Figure 17-4.Which of the following is true at W2?

A) The income effect is larger than the substitution effect.
B) The substitution effect is larger than the income effect.
C) The income effect and the substitution effect are equal.
D) The supply curve is positively sloped.

Correct Answer: