If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a | Faculties

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Praveen Singh

🎓 Tutor III ⭐ 36.81K Points

📊 Managerial Economics

Q. If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a

(A) giffen goods
(B) inferior goods
(C) normal goods
(D) superior

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✅ Correct Answer: (C) normal goods

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