Question: True or false? The income effect is represented by the shift in consumption of a good as a bundle moves along the old indifference curve

True or false? The income effect is represented by the shift in consumption of a good as a bundle moves along the old indifference curve before moving to another indifference curve tangent to the new budget line.

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The income effect is represented by the shift in consumption of a good as the bundle moves along the old indifference curve before moving to another indifference curve tangent to the new budget line

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