Figure 10-4 -Refer to Figure 10-4.Which of the following is true at W₂? A) The income effect is larger than the substitution effect. B) The substitution effect is larger than the income effect. C) The income effect and the substitution effect are equal. D) The supply curve is positively sloped.

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The Answer of Figure 10-4 -Refer to Figure 10-4.Which of the following is true at W₂? A) The income effect is larger than the substitution effect. B) The substitution effect is larger than the income effect. C) The income effect and the substitution effect are equal. D) The supply curve is positively sloped.

Figure 10-4 -Refer to Figure 10-4.Which of the Following Is True at Is