9
answers
0
watching
254
views
3 Oct 2018
30) If the price of an inferior good rises, the income effect A) will have an uncertain effect on consumption of the good, and the substitution effect will decrease consumption. B) will decrease consumption of the good, and the substitution effect will decrease consumption. C) and the substitution effect will both increase consumption of the good. D) and the substitution effect will both decrease consumption of the good. E) will increase consumption of the good and the substitution effect will decrease consumption.
30) If the price of an inferior good rises, the income effect A) will have an uncertain effect on consumption of the good, and the substitution effect will decrease consumption. B) will decrease consumption of the good, and the substitution effect will decrease consumption. C) and the substitution effect will both increase consumption of the good. D) and the substitution effect will both decrease consumption of the good. E) will increase consumption of the good and the substitution effect will decrease consumption.
akunuru639Lv10
28 May 2023
Already have an account? Log in
larryrambo777Lv10
19 Mar 2023
Already have an account? Log in
Nestor RutherfordLv2
5 Oct 2018
Already have an account? Log in