When price of a product falls, more of it is purchased because of

Related MCQs

• For a giffen good, when price falls
• When individuals income falls (everything remain the same) his demand for a normal good
• When individuals income falls (everything remain the same) his demand for an inferior good
• Price effect is
• A production possibility curve is concave to the point of origin because of
• If negative income effect is less than positive substitution effect : the product will be