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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 x

Question 41

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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