If Goods Are Perfect Substitutes,what Is the Income Effect of a Price

question 143

Multiple Choice

If goods are perfect substitutes,what is the income effect of a price change on the other good

• A)positive only
• B)zero only
• C)negative only
• D)zero or positive

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Definitions:

Extinction Spasm

Extinction Spasm is a rapid increase in the rate of extinction experienced by species within a relatively short geological period, often due to human activities.

Eco-Catastrophe

A major ecological disaster or event that causes significant harm to the environment and living organisms.

Bats

Flying mammals known for their echolocation capability, playing crucial roles in pollination, seed dispersal, and insect population control.

Extinction

The permanent loss of all members of a species, eliminating its presence from the Earth.