If income effect works in the same direction to that of substitution effect, the good is a:

Related MCQs

• If income effect works in the direction opposite to that of substitution effect, the good is not:
• 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
• According to Hicks substitution effect is
• The substitution effect for a commodity is
• Substitution Effect is:
• When individuals income falls (everything remain the same) his demand for an inferior good
• When individuals income rises (everything remain the same) his demand for a normal good
• When individuals income falls (everything remain the same) his demand for a normal good