Question: please answer 1. The income effect is always a. Found by comparing two points on different indifference curve b. Found by comparing two points with
please answer

1. The income effect is always a. Found by comparing two points on different indifference curve b. Found by comparing two points with different slopes c. Found by comparing two points on the same indifference curve d. None of the above 2. If a consumer's income rises, the substitution effect is a. Nothing b. Indeterminate c. Equal to the income effect d. The difference between the original and the new utility maximizing bundle
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