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

Related MCQs

• If negative income effect is greater than positive substitution effect : the product will be
• If negative income effect is less than positive substitution effect : the product will be
• If income effect works in the same direction to that of substitution effect, the good is a:
• If income effect works in the direction opposite to that of substitution effect, the good is not:
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• If the income elasticity of demand is greater than one, then the commodity is:
• According to Hicks substitution effect is
• The substitution effect for a commodity is
• Substitution Effect is:
• Income elasticity is positive, but less than unity in the case of: