If negative income effect is less than positive substitution effect : the productwill be

April 29, 2021 – by admin

Question:

If negative income effect is less than positive substitution effect : the productwill be

A.

a normal good

B.

an inferior good

C.

a giffen good

D.

a complementary good

Answer» b. an inferior good

Note:

The above multiple-choice question is for all general and Competitive Exams in India.