× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
dp dp
wrote...
Posts: 296
Rep: 0 0
5 years ago
When the price of a normal good decreases, people increase their consumption of the good. The reason is
A) the law of diminishing marginal utility.
B) the substitution and income effects.
C) the substitution effect only.
D) the income effect only.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 42 times
3 Replies

Related Topics

Replies
wrote...
5 years ago
 B
dp Author
wrote...
5 years ago
Appreciate the effort you put into answering, thank you!
wrote...
5 years ago
You're very welcome
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1174 People Browsing
 124 Signed Up Today
Related Images
  
 1305
  
 199
  
 481
Your Opinion