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If Is an Inferior Good and the Price of

Question 32

Multiple Choice

If If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . is an inferior good and the price of If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . falls


A) the substitution effect will induce the consumer to purchase more If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . and the income effect will induce the consumer to purchase more If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . .
B) the substitution effect will induce the consumer to purchase more If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . and the income effect will induce the consumer to purchase less If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . .
C) the substitution effect will induce the consumer to purchase less If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . and the income effect will induce the consumer to purchase more If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . .
D) the substitution effect will induce the consumer to purchase less If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . and the income effect will induce the consumer to purchase less If is an inferior good and the price of falls A) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase more . B) the substitution effect will induce the consumer to purchase more and the income effect will induce the consumer to purchase less . C) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase more . D) the substitution effect will induce the consumer to purchase less and the income effect will induce the consumer to purchase less . .

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