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Home Q & A Board Other Fields Homework Help Business Economics
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nakungth nakungth
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6 years ago
Assume that beer is an inferior good.  If the price of beer falls, then the substitution effect results in the person buying ________ of the good and the income effect results in the person buying ________ of the good.
A) more, more     
B) more, less     
C) less, more     
D) less, less
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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6 years ago
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nakungth Author
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#2
5 years ago
Thanks, very pleased with your answer
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