July 30, 2015
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Thursday, March 1, 2007
yes, its a true or false question
is this a true or false question?
Suppose that after a price change, the income effect is zero, but the substitution effect is not. For such a good, the quantity demanded is directly related to its price.
oh well I think it is true.
The quantity demanded is also related to the price of the substitute good.
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