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

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Question:

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

A.

a normal good

B.

an inferior good

C.

a giffen good

D.

a complementary good

Answer» c. a giffen good

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