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chomtong chomtong
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6 years ago
For normal goods, the substitution and income effects of a price decrease will
A) the substitution effect will decrease the quantity of the good demanded while the income effect will increase the quantity of the good demanded.
B) the substitution effect will increase the quantity of the good demanded while the income effect will decrease the quantity of the good demanded.
C) both increase the quantity of the good demanded.
D) both decrease the quantity of the good demanded.
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goldlilysgoldlilys
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6 years ago
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chomtong Author
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6 years ago
You make an excellent tutor!
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Thank you, thank you, thank you!
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Thanks for your help!!
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