The impact of a 200 increase in income on quantity demanded would be called an income effect. a. ...

Author Question: The impact of a 200 increase in income on quantity demanded would be called an income effect. a. ... (Read 64 times)

rachel9

Sr. Member
Posts: 495

on: Jul 1, 2018

The impact of a 200 increase in income on quantity demanded would be called an income effect.
a. True
b. False

Question 2

The substitution effect of a price change describes what happens to the shift in demand for a good when its price changes.
a. True
b. False

Pariscourtney

Sr. Member
Posts: 352

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

B

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