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If Is an Inferior Good and the Price of

question 34

Multiple Choice

If 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 . is an inferior good and the price of 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 . rises

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