When a consumer experiences a price decrease for an inferior good, if the income effect is
A)less than the substitution effect, the demand curve will be downward sloping.
B)greater than the substitution effect, the demand curve will be upward sloping.
C)less than the substitution effect, the demand curve will be upward sloping.
D)both a) and b) are correct.

Question

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The Answer of When a consumer experiences a price decrease for an inferior good, if the income effect is
A)less than the substitution effect, the demand curve will be downward sloping.
B)greater than the substitution effect, the demand curve will be upward sloping.
C)less than the substitution effect, the demand curve will be upward sloping.
D)both a) and b) are correct.

When a Consumer Experiences a Price Decrease for an Inferior