Question

What is an example of an Income and substitution effect graph?

Answer 1

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Explanation:

the indifference curves in the income effect graph connect to make the income consumption curve
the income effect is about the change in income that's why you can see there are 3 different levels of income
however, in the substitution effect it is about the change in the consumption of 2 commodities the indifference curves in the substitution effect graph connect to form the price consumption curve