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Suppose Hamburger Is an Inferior Good,but Not a Giffen Good,for

Question 14

Multiple Choice

Suppose hamburger is an inferior good,but not a Giffen good,for Bob.If the price of hamburgers increases,


A) the income effect is greater than the substitution effect.
B) the income effect is smaller than the substitution effect.
C) consumption of hamburger will increase.
D) We are unable to judge the change of hamburger consumption.

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