Question: Please answer this question. thanks !! Who is expected to have a larger income effect, assuming all is equal, if Jazz ,who is of retirement

Please answer this question. thanks !!

Who is expected to have a larger income effect, assuming all is equal, if Jazz ,who is of retirement age, and Jenny, who is middle-aged, were to both win the lottery? 0 Jazz 0 Jenny Q There will be no income effect 0 They would both have the same income effect

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