Which of the following statement is true
| A. |
In case of inferior good, the income effect is negative, although the substitution effect is positive.
|
| B. |
In inferior goods, the income and substitution effects are positive
|
| C. |
In interior goods, the income and substitution effects are negative
|
| D. |
In case of inferior goods, the income effect is positive although the substitution effect is negative.
|
Answer : A Explanation : |
|
|
Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
