The change to a new indifference curve following a rise in aggregate consumption caused by a price cut is:
| A. | a consumption effect. |
| B. | a price effect. |
| C. | an income effect. |
| D. | a substitution effect. |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
