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