Text Questions NO: 17

         Illustrate on two separate indifference diagrams the income and substitution effects of the following:\n (a)    A decrease in the price of goo

         Illustrate on two separate indifference diagrams the income and substitution effects of the following:

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(a)    A decrease in the price of good X (and no change in the price of good Y).

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(b)    An increase in the price of good Y (and no change in the price of good X)

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