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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This note was uploaded on 04/27/2011 for the course ECON 251 taught by Professor Blanchard during the Spring '08 term at Purdue.
- Spring '08