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The Income Effect, Substitution Effect, and Elasticity

Module. 10. Micro: Econ:. 46. The Income Effect, Substitution Effect, and Elasticity. KRUGMAN'S MICROECONOMICS for AP*. Margaret Ray and David Anderson. What you will learn in this Module :. How the income and substitution effects explain the law of demand

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The Income Effect, Substitution Effect, and Elasticity