Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
corie corie
wrote...
Go to Answer
Posts: 767
Rep: 10 0
6 years ago
Your indifference curves for good X (horizontal axis) and good Y (vertical axis) are vertical lines because you do not gain any satisfaction from consumption of Y.  As the price of X declines, the change in consumption of X is entirely composed of the:
A) income effect.
B) substitution effect.
C) Giffen effect.
D) independent good effect.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 125 times
1 Reply
Replies
Answer verified by a subject expert
oracledarrenoracledarren
wrote...
#1
Posts: 455
Rep: 15 1
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

corie Author
wrote...

6 years ago
Thanks for your help!!
Harvinder
wrote...

Yesterday
this is exactly what I needed
acaruso
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1302 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1088
  
 696
  
 267
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: How often do you eat-out per week?