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Use the Following to Answer Questions 16-17

question 48

Multiple Choice

Use the following to answer questions 16-17:
Figure 13.3 Use the following to answer questions 16-17: Figure 13.3   -(Figure 13.3)  The figure shows budget constraints and indifference curves for a representative individual. Identify the substitution effect of the increase in the wage rate in the associated graph. A)  C to B B)  B to A C)  A to C D)  A to B
-(Figure 13.3) The figure shows budget constraints and indifference curves for a representative individual. Identify the substitution effect of the increase in the wage rate in the associated graph.


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