Economy, asked by jahnvi9828, 20 hours ago

Substitution effect+Income effect=Price effect. Is it always true?​

Answers

Answered by chanannandiwal35
7

Answer:

The substitution affect is always negative because when the price of a good falls (or rises), more (or less) of it would be purchased, the real income of the consumer and price of the other good remaining constant.

Answered by madamx914
2

Answer:

No, Not Always true...

thank you!!

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