If pasta is an inferior good and if the price of pasta, Ask an Expert

Economics

If pasta is an inferior good and if the price of pasta increases, the income effect _____________ the quantity demanded, and the substitution effect ___________ the quantity demanded.

a) reduces; decreases

b) increases; increases

c) reduces; increases

d) increases; decreases

e) does not affect; does not affect

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274255

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