Question: Consider the case of two normal goods. Graphically illustrate that both the substitution and income effects are negative when the price of good x decreases

Consider the case of two normal goods. Graphically illustrate that both the substitution and income effects are negative when the price of good x decreases

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Consider the case of two normal goods. Graphically illustrate that both the substitution and income effects are negative when the price of good x decreases

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