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AS MENTIONED EALIER THE FALL IN THE price of a product leads to an increase in the amount purchase of that product for two main reasons. (1) substitution effect (2) income effect
Economics
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I see the image provides an explanation of substitution and income effects and an indifference curve graph. However, there isn't a specific question asked. Please let me know what you'd like to do with this information or if there's a particular question you'd like me to solve based on this graph.
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