Which one of the following statements is always true of the substitution effect?
A)It leads to a positive income effect.
B)It is positive.
C)It decreases consumption.
D)It leads to a negative income effect.
E)It is negative.

Question

Quizplus · Accepted Answer

The Answer of Which one of the following statements is always true of the substitution effect?
A)It leads to a positive income effect.
B)It is positive.
C)It decreases consumption.
D)It leads to a negative income effect.
E)It is negative.

Which One of the Following Statements Is Always True of the Substitution