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 |
View all MCQs in
Fundamentals of Economics and ManagementNo comments yet