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If income effect works in the same direction to that of substitution effect, the good is a:

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Question:

If income effect works in the same direction to that of substitution effect, the good is a:

A.

Normal good

B.

Inferior good

C.

Giffen good

D.

Superior Good

Answer» a. Normal good

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