If negative income effect is greater than positive substitution effect : price effect will be
A) zero
B) negative
C) positive
D) positive and greater than one
Correct Answer:
Verified
Q8: If negative income effect is less than
Q9: Which of the following statements is true
A)hicksian
Q10: According to Hicks substitution effect is
A)the movement
Q11: Strong ordering means
A)absence of indifference
B)presence of indifference
C)no
Q12: In the fundamental theorem of consumption and
Q14: As per indifference curve analysis consumer equilibrium
Q15: The slope of a budget line is
A)the
Q16: At the point of tangency the slope
Q17: The slope of a budget line throughout
Q18: The income effect for a commodity is
A)is
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