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A change in income will

A change in income will
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Solution Guide / Answer Key:

ECONOMICS

Multiple Choice         

A change in income will

 

a.

affect the demand for candy through the income effect of a price change

b.

affect the quantity demanded of candy through the income effect of a price change

c.

shift the demand curve for candy

d.

have no effect on the demand for candy, because income is assumed constant along a demand curve

e.

affect quantity demanded only if candy is a normal good

 

 FILE: MS WORD

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