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Elementary Theory of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
MCQ
Examine the given image. What does this image depict?
  • A
    Income effect
  • ✓
    Substitution effect
  • C
    Price effect
  • D
    Law of demand
✓

Answer

Correct option: B.
Substitution effect
B

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