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Author Question: The impact of a 200 increase in income on quantity demanded would be called an income effect. a. ... (Read 24 times)

rachel9

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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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


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