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Graph the income and substitution effects for a price increase in good X in the following cases: X is a normal good and Y is a normal good. X is an...
Graph the income and substitution effects for a price increase in good X in
the following cases:
A. X is a normal good and Y is a normal good.
B. X is an inferior good and Y is a normal good.
C. X is a Giffen good, and Y is a normal good.