Rashid buys only goods X and Y . His income is 300 . Then the price ...
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Rashid buys only goods X and Y. His income is 300. Then the price of X rises.
The total effect of the change in the price of X is that the quantity X changes by unit(s).
The substitution effect of the change in the price of X is that the quantity of X changes by unit(s).
The income effect of the change in the price of X is that the quantity of X changes by unit(s).
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