If negative income effect is greater than positive substitution effect : priceeffect will be

May 2, 2021 – by admin

Question:

If negative income effect is greater than positive substitution effect : priceeffect will be

A.

zero

B.

negative

C.

positive

D.

positive and greater than one

Answer» b. negative

Note:

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