Question: * abe X2 X' A . A Normal No Spading Heading Headling 2 Subtitle 9. Using separate diagrams illustrate the income and substitution effects of

* abe X2 X' A . A Normal No Spading Heading

* abe X2 X' A . A Normal No Spading Heading Headling 2 Subtitle 9. Using separate diagrams illustrate the income and substitution effects of a price increase for an inferior good, explaining the two possisble outcomes. [10 marks]

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