Figure 9.3.4
Refer to Figure 9.3.4, which shows a consumer's choices an...
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Figure 9.3.4Refer to Figure 9.3.4, which shows a consumer's choices and the consumer's budget. If the price of good X rises and the budget line shifts from RS to RT, what is the income effect of the price change?The change in the quantity of good X as the consumer moves from