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A Fall in the Price of Widgets Leads Consumers to Buy

Question 81

Multiple Choice
A fall in the price of widgets leads consumers to buy more widgets.What can we conclude from this information A)Substitution effect is positive. B)Income effect is negative. C)Demand is upward sloped. D)Demand is downward sloped.

A fall in the price of widgets leads consumers to buy more widgets.What can we conclude from this information


A) Substitution effect is positive.
B) Income effect is negative.
C) Demand is upward sloped.
D) Demand is downward sloped.

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