Question: Suppose that the consumer has a demand function for good X is given by: X=10+MPx- Originally his income is $ 200 per month and the

Suppose that the consumer has a demand function for good X is given by:

X=10+MPx-

Originally his income is $ 200 per month and the price of the good is 5 per kilogram and now the price of the good falls to 4 per kilogram.

Calculate the substitution effect, income effect and total price effect.

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