Solved

If Good a Is a Normal Good and Its Price

Question 152

Multiple Choice

If good A is a normal good and its price decreases, the _____ effect will cause a(n) _____ in consumption of it.


A) substitution; decrease
B) income; decrease
C) income; increase
D) substitution effect and the income; decrease

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions