Business Economics

1: In the case of an inferior good, the income effect
A.

Partially offsets the substitution effect

B.

Is equal to the substitution effect

C.

Reinforces the substitution effect

D.

More than offsets the substitution effect

 

Answer : A

Explanation :

Write your comments here:


Report Error
 

Option: A

Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.