Multiple Choice
If negative income effect is greater than positive substitution effect : price effect will be
A) zero
B) negative
C) positive
D) positive and greater than one
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Strong ordering means<br>A)absence of indifference<br>B)presence of indifference<br>C)no
Q6: The income effect for a commodity is<br>A)is
Q7: Which of the following statements is true<br>A)hicksian
Q8: For a giffen good, when price falls<br>A)demand
Q9: Inferior goods are the goods with<br>A)falling income
Q11: Price effect is<br>A)income effect - substitution effect<br>B)substitution
Q12: Which of the following is called gossans
Q13: When individuals income falls (everything remain the
Q14: Indifference curves are<br>A)always parallel<br>B)may be parallel<br>C)may not
Q15: Which of the following statement is FALSE