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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
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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
Just got PERFECT on my quiz
jmelchor77
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Yesterday
Thanks
Starfiew
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2 hours ago
Smart ... Thanks!
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