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(a) Following immigration, economic welfare calculated including the welfare of immigrants is always greater than economic welfare calculated not including the welfare of the immigrants

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(a) Following immigration, economic welfare calculated including the welfare of immigrants is always greater than economic welfare calculated not including the welfare of the immigrants.

(b) For a consumer that consumes two goods and puts Good X on the horizontal axis: If income is $100, the price of Good X is $4/unit, and the price of Good Y is $2/unit, the slope of the indifference curve at the optimum point is -1/2.

(c) When Good X is a normal good, the demand curve for Good X is downward-sloping.

(d) When Good X is an inferior good, an increase in the price of Good X always leads to a decrease in the quantity demanded of Good X.

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