Which of the following is a correct statement about the-08926
Which of the following is a correct statement about the substitution effect?
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Final Term - Quiz No.17.
Which of the following is a correct statement about the substitution effect?
The substitution effect is always negative.
The substitution effect is positive for an inferior good.
The substitution effect measures how demand changes when income changes.
The substitution effect is positive for a Giffen good.
