Identify the Statement That Is False $x$ Increases
A) the Substitution Effect Shows That the Consumption of of Good

question 10

Multiple Choice

Identify the statement that is false. Assume that the price of good $x$ increases.

• A) The substitution effect shows that the consumption of good \(x\) falls, regardless of whether
• \(x\) is a normal or inferior good.
• B) The income effect shows that the consumption of good \(x\) rises if good \(x\) is an inferior good.
• C) The overall effect shows that the consumer purchases more of good \(x\) if good \(x\) is a Giffen good.
• D) The overall effect shows that the consumer purchases more of good \(x\) if good \(x\) is an inferior good.

---

Definitions:

Supply Chain Information System

A collective term for the systems and technologies that manage, control, and monitor supply chain activities.

Process Excellence

A philosophy or approach that emphasizes the need for continuous improvement and effectiveness in business processes.

Essential Elements

Fundamental components or aspects that are crucial for the completion or success of a process, project, or system.

Enterprise Resource Planning

Integrated management software systems that are used to collect, store, manage, and interpret data from various business activities, facilitating information sharing across the organization.