Neville has demand function q 02m - 2p where m is income
Neville has demand function q = .02m - 2p, where m is income and p is price. Income is $8,000 and he initially had to pay a price of $40 per bottle of claret. The price of claret rose to $80. The substitution effect of the price change is?
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neville has demand function q 02m - 2p where m is income and p is price income is 8000 and he initially had to pay a
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