If Is an Inferior Good and the Price Of Falls
A) the Substitution Effect Will Induce the Consumer to x
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 .
Correct Answer:
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