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djsmyers djsmyers
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6 years ago
Suppose hamburger is an inferior good, but not a Giffen good, for Bob. If the price of hamburgers increases,
A) the income effect is greater than the substitution effect.
B) the income effect is smaller than the substitution effect.
C) consumption of hamburger will increase.
D) We are unable to judge the change of hamburger consumption.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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forrestforrest
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#1
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6 years ago
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djsmyers Author
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6 years ago
Thank you, thank you, thank you!
patyfeitosa
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Correct Slight Smile TY
erimis
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This site is awesome
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