If Is a Normal Good and the Price of

question 22

Multiple Choice

If is a normal good and the price of falls

• 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 .

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