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Three 5.0-kg masses are located at points in the xy plane as shown in the figure.
Use this exhibit to answer the following question(s) .
-What is the magnitude of the resultant force (caused by the other two masses) on the mass at the origin?
Substitution Effect
The substitution effect occurs when consumers replace more expensive items with less costly alternatives.
Income Effect
A change in the quantity demanded of a good or service as a result of a change in real income (purchasing power).
Inferior Good
A type of good for which demand declines as the income of individuals or the economy increases, opposite to normal goods.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute a cheaper good for a more expensive one.
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