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Unformatted text preview: cost? a. $3 b. $8 c. $0.33 d. $ 16 4. For a normal good, the income and substitution effects a. move in different directions b. move in the same direction c. offset one another d. have no impact on the quantity demanded 5. Homework #___ is due Monday, October 22. a. 8 b. 10 c. 11 d. 12...
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- Spring '08