Because the total expenditure on the consumer's [...] bundle of goods falls when the price of Good X falls, there is also an income effect.
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Open it Because the total expenditure on the consumer's original bundle of goods falls when the price of Good X falls, there is also an income effect .
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owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p52
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