Figure 17-4 -Refer to Figure 17-4.Which of the Following Is True at Following

question 140

Multiple Choice

Figure 17-4

-Refer to Figure 17-4.Which of the following is true at W₂?

• A)The income effect is larger than the substitution effect.
• B)The substitution effect is larger than the income effect.
• C)The income effect and the substitution effect are equal.
• D)The supply curve is positively sloped.

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