True or false? The income effect is represented by the shift in consumption of a good as

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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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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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