If the Price of a Normal Good Changes, the Income

question 75

Multiple Choice

If the price of a normal good changes, the income effect of the price change will

• A) produce a positively sloped demand curve.
• B) reinforce the substitution effect.
• C) always be to increase quantity demanded.
• D) oppose the substitution effect.
• E) always be larger than the substitution effect.

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Definitions:

19Th Century

Refers to the period from January 1, 1801, to December 31, 1900, characterized by significant industrial, cultural, and political changes worldwide.

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