Suppose that preferences are concave. Is it still the case that the substitution effect is negative?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:40 AM

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Suppose that preferences are concave. Is it still the case that the substitution effect is negative?

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Intermediate Microeconomics

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