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The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the A) income effect B) law of supply C) substitution effect
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The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the

A) income effect
B) law of supply
C) substitution effect

User Soloturn
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2 Answers

4 votes
The answer would be income effect
User Lulumeya
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4.9k points
4 votes
I think the answer for this question is A
User Syed Qasim Ahmed
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