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The demand for an input is a direct demand

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1. The income and substitution effects are both a result of changing the price of a good.

True

False

2. The income and substitution effects are both a result of changing the price of a good.

True

False

3. The demand for an input is a direct demand.

True

False

4. The no satiation principle states that less is better

True

False

5. The income and substitution effects are both a result of changing the price of a good.

True

 

False

Reference no: EM13687614

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