Using a graph,explain both the substitution effect and income effect that result from an increase in the price of a normal good.
B.

C. The income effect is then shown by the movement from point C to point

Question

Using a graph,explain both the substitution effect and income effect that result from an increase in the price of a normal good.
B.
  
C. The income effect is then shown by the movement from point C to point

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The Answer of Using a graph,explain both the substitution effect and income effect that result from an increase in the price of a normal good.
B.
  
C. The income effect is then shown by the movement from point C to point

Using a Graph,explain Both the Substitution Effect and Income Effect