When a Consumer Experiences a Price Decrease for an Inferior

question 19

Multiple Choice

When a consumer experiences a price decrease for an inferior good,it is possible that the income effect is

• A) less than the substitution effect,and the demand curve will be downward sloping.
• B) greater than the substitution effect,and the demand curve will be upward sloping.
• C) less than the substitution effect,and the demand curve will be upward sloping.
• D) both a and b are correct.

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Definitions:

Sexuality

Encompasses sexual orientation, sexual behaviors, and the capacity for sexual feelings.

Sexual Identity

An individual's personal sense of their own sexuality, which may include components such as sexual orientation, sexual behavior preferences, and gender identity.

Simpatia

A cultural value in some Latin American societies that emphasizes smooth, pleasant social interactions, and avoidance of conflict.

Sexual Self

Cognitions and feelings about who one is as a sexual being.