If Is an Inferior Good and the Price Of Rises:
A)the Substitution Effect Will Induce the Consumer to Purchase
Multiple Choice
If is an inferior good and the price of rises:
A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more
.
B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less
.
C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more
.
D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less
.
Correct Answer:

Verified
Correct Answer:
Verified
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