A Marshallian,or Uncompensated,demand Curve Reflects

question 57

Multiple Choice

A Marshallian,or uncompensated,demand curve reflects:

• A) only the substitution effect of a price change.
• B) only the income effect of a price change.
• C) both the income and substitution effects of a price change.
• D) neither the income nor the substitution effects of a price change.

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Definitions:

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