(a) Explain how the price effect can be decomposed into the substitution and income effects of a price change if one of the goods is normal and the other is a Giffen good. Comment on the slopes of the...

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Extracted text: (a) Explain how the price effect can be decomposed into the substitution and income effects of a price change if one of the goods is normal and the other is a Giffen good. Comment on the slopes of the demand curve and the Engel curve for this case.