Show on a graph using income and substitution effects

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Reference no: EM133716413

Question: Some situation that requires you to show on a graph using income and substitution effects what is going on. Half the marks are for a clear graph and the other for answering the specific question. You should answer what happens to current consumption, future consumption and any change in happiness (utility). You also need to know how this theory feeds into the loanable funds model.

Reference no: EM133716413

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