If negative income effect is greater than positive substitution effect : the product will be

Related MCQs

• Substitution effect takes place when price of the commodity becomes:
• When the expected utility is greater than utility of the certail income
• Inferior goods are those whose income effect is:
• Marginal utility for money is positive in case of
• Income consumption curve of an inferior commodity is
• The marginal utility curve of income curve is a straight line for
• Price effect is