A customer consumes two normal goods chocolate and coffee, Ask an Expert

Economics

A customer consumes two normal goods, chocolate and coffee. The price of coffee rises. The income effect, by itself, suggests that the customer will consume

1. More coffee and less chocolate.

2. Less coffee and less chocolate.

3. Less coffee and more chocolate.

4. More coffee and more chocolate.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225675

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