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Suppose you are consuming the consumer optimum amount of bread and toothpaste. The price of bread rises. Which of the following would be a result of the real-income effect?
Choose one or more:
A. the quantity consumed of bread decreases
B. the quantity consumed of toothpaste increases
C. the quantity consumed of toothpaste decreases
D. the quantity consumed of bread increases
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Answers: 2
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Suppose you are consuming the consumer optimum amount of bread and toothpaste. The price of bread ri...
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