Business Economics - Business Economics Section 1
28. Which of the following statement is true
- A
In the case of inferior goods, the income effect is negative, although the substitution effect is positive.
- B
In inferior goods, the income and substitution effects are positive
- C
In interior goods, the income and substitution effects are negative
- D
In the case of inferior goods, the income effect is positive although the substitution effect is negative.
