The income effect is measured as the change in consumption
Question: The income effect is measured as the change in consumption that results when a price change moves the consumer along a given indifference curve to a point with a new marginal rate of substitution.
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question if the price of a good falls and the good is a normal good the income effect causes a decrease in the quantity
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question the income effect is measured as the change in consumption that results when a price change moves the consumer
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