The income effect of a lower price for good A
A)invariably leads a consumer to buy more of good A,because the combination of unchanged money income and lower price raises that consumer's real income or purchasing power
B)invariably leads a consumer to buy less of good A because the combination of unchanged money income and lower price encourages that consumer to buy more of other goods
C)may lead to a larger,smaller,or even an unchanged quantity of good A demanded;it all depends on the nature of the good itself
D)creates a change in the good's relative price and,therefore,causes the consumer to substitute good A in place of other goods
E)causes a parallel outward shift of the budget line,enabling the consumer to buy more of all goods than before

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The Answer of The income effect of a lower price for good A
A)invariably leads a consumer to buy more of good A,because the combination of unchanged money income and lower price raises that consumer's real income or purchasing power
B)invariably leads a consumer to buy less of good A because the combination of unchanged money income and lower price encourages that consumer to buy more of other goods
C)may lead to a larger,smaller,or even an unchanged quantity of good A demanded;it all depends on the nature of the good itself
D)creates a change in the good's relative price and,therefore,causes the consumer to substitute good A in place of other goods
E)causes a parallel outward shift of the budget line,enabling the consumer to buy more of all goods than before

The Income Effect of a Lower Price for Good a