Two Goods Are Hicksian (Net)substitutes If a Rise in the Price

question 15

Multiple Choice

Two goods are Hicksian (net) substitutes if a rise in the price of one causes a(n)

• A)decline in the quantity demanded of the other holding nominal income constant.
• B)increase in the quantity demanded of the other holding nominal income constant.
• C)decline in the quantity demanded of the other holding utility constant.
• D)increase in the quantity demanded of the other holding utility constant.

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