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26 Nov 2018
When the price of one good decreases, the associated substitution effect is represented by a:
move along a given indifference curve since real income increases.
move from one indifference to a lower indifference curve since real income is now lower.
move along a given indifference curve holding real income constant.
move from one indifference to a higher indifference curve since real income is now higher.
When the price of one good decreases, the associated substitution effect is represented by a:
move along a given indifference curve since real income increases.
move from one indifference to a lower indifference curve since real income is now lower.
move along a given indifference curve holding real income constant.
move from one indifference to a higher indifference curve since real income is now higher.
larryrambo777Lv10
26 Mar 2023
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2 Jun 2021
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