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Satsume Satsume
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6 years ago
Suppose the price of rice increases and you view rice as an inferior good.  The substitution effect results in a ________ change in rice consumption, and the income effect leads to a ________ change in rice consumption.
A) positive, positive
B) positive, negative
C) negative, positive
D) negative, negative
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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