Question: Question Completion Status: QUESTION 25 3.333 poi When the price of a product falls, the income effect induces the consumer to purchase more of it

Question Completion Status: QUESTION 25 3.333 poi When the price of a product falls, the income effect induces the consumer to purchase more of it while the substitution effect prompts her to buy less. O True O False QUESTION 26 3.333 poir Marginal Utility is total utility divided by the number of units consumed. O True O False QUESTION 27 3.333

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