Business
Business, 11.03.2020 17:16, dlatricewilcoxp0tsdw

Which of the following is a correct statement about income effect? A consumer who experiences an income effect stays on the same indifference curve. When a consumer experiences an income effect both his budget constraint and marginal condition are affected. A consumer experiences an income effect only when the slope of the budget line changes. A consumer who experiences an income effect moves to a different indifference curve.

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Which of the following is a correct statement about income effect? A consumer who experiences an inc...

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