McqMate
| Q. |
Assume Samantha likes hot dogs and hamburgers equally, and the price of hamburgers (a normal good) declines. She will most likely purchase more hamburgers; this is |
| A. | a reflection of the income effect |
| B. | a reflection the substitution effect |
| C. | a reflection of the income and substitution effects |
| D. | None of above |
| Answer» B. a reflection the substitution effect | |
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Fundamentals of Economics and ManagementNo comments yet