Multiple Choice
If the price of a good increases, the substitution effect will
A) always tend to make the quantity decrease, while the income effect could go either way.
B) always tend to make the quantity increase, while the income effect could go either way.
C) go either way, but the income effect will always make the quantity increase.
D) go either way, but the income effect will always make the quantity decrease.
Correct Answer:

Verified
Correct Answer:
Verified
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