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ECC1000 - Principles of microeconomics - S1 2025
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The substitution effect of the increase in price is a decline of Y units of food purchased. The Y is closest to: (Enter a whole number, with no special characters like dollar signs, and no letters.)
The income effect of the increase in food price is a decline of Z units of food purchased. The Z is closest to: (Enter a whole number, with no special characters like dollar signs, and no letters.)
What is the price of food on BC1? Enter a whole number, with no special characters like dollar signs, and no letters.
What is the price of food on BC0? Enter a whole number, with no special characters like dollar signs, and no letters.