ECO111_-_SU_2024_-_RE_2448.webp
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ECO111_-_SU_2024_-_RE_2448.webp

Kizspy | Question: 47 (Choose 1 answer)
Both the income and substitution effects encourage the consumer to purchase more of the good.
A. When the price of a normal good increases.
B. When the price of a normal good decreases.
C. When the price of an inferior good decreases.
D. When the price of an inferior good increases.

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