The substitution effect for a commodity is

Related MCQs

• If negative income effect is greater than positive substitution effect : price effect will be
• 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:
• According to Hicks substitution effect is
• Substitution Effect is:
• Relation between price of a commodity and demand for another commodity is measured by:
• If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:
• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity: