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For inferior goods, the substitution and income effects of a price increase will

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For inferior goods, the substitution and income effects of a price increase will

For inferior goods, the substitution and income effects of a price increase will
A) both decrease the quantity of the good demanded.
B) both increase the quantity of the good demanded.
C) the substitution effect will decrease the quantity of the good demanded while the income effect will increase the quantity of the good demanded.
D) the substitution effect will increase the quantity of the good demanded while the income effect will decrease the quantity of the good demanded.

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Ryanteck Author

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6 years ago

Thanks

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Helped a lot

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This helped my grade so much Perfect

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