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If xx Is an Inferior Good and the Price Of xx Rises:
A)the Substitution Effect Will Induce the Consumer to Purchase

Question 75

Multiple Choice

If xx is an inferior good and the price of xx rises:


A) the substitution effect will induce the consumer to purchase more xx and the income effect will induce the consumer to purchase more
xx .
B) the substitution effect will induce the consumer to purchase more xx and the income effect will induce the consumer to purchase less
xx .
C) the substitution effect will induce the consumer to purchase less xx and the income effect will induce the consumer to purchase more
xx .
D) the substitution effect will induce the consumer to purchase less xx and the income effect will induce the consumer to purchase less
xx .

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