e. For each of the following, choose “income only”,
“substitution only”, or “income and substitution effects.”
1. The ORDINARY demand curves show which effect(s) of a change
in price on purchases of X?___________________________________
2. The COMPENSATED demand curve shows effect(s) of a change in
price on purchases of X?___________________________________
f. For each of the following, choose “ordinary only”,
“compensated only”, or “both ordinary and compensated.”
1.A change in utility will shift which demand
curve(s)?___________________________________
2. A change in income will...