The cost of consumption has two components:
A)the substitution effect and the income effect
B)the law of demand and the law of diminishing marginal utility
C)the price effect and the income effect
D)the money price and the time price
E)saving and taxes

Question

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The Answer of The cost of consumption has two components:
A)the substitution effect and the income effect
B)the law of demand and the law of diminishing marginal utility
C)the price effect and the income effect
D)the money price and the time price
E)saving and taxes

The Cost of Consumption Has Two Components