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Explain the income effect or the substitution effect

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Reference no: EM132177030

Question: Julian buys plants and flowers every month. Both are normal goods. When the price of flowers fell, Julian purchased fewer plants. Which effect was stronger for Julian, the income effect or the substitution effect? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132177030

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