17. For Jim the change in consumption of X due to the income effect is:
- 4 in the same direction as the substitution effect since X is a normal good.
- 4 in the same direction as the substitution effect since X is an inferior good.
- 12 in the opposite direction from the substitution effect since X is a giffen good.
- 4 in the opposite direction from the substitution effect since X is an inferior good.
- 12 in the opposite direction from the substitution effect since X is an inferior good.
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