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Income and substitution effects are useful concepts in microeconomics, USING EXAMPLES of NORMAL, INFERIOR AND GIFFEN...

Income and substitution effects are useful concepts in microeconomics, USING EXAMPLES of NORMAL, INFERIOR AND GIFFEN GOODS, answer the following questions;

(b) Using diagrams, derive the demand curve for each of the three types of goods (NORMAL, INFERIOR AND GIFFEN goods)

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