Economy, asked by zarrishrehman26, 4 months ago

Suppose that preferences are concave. Is it still the case that the substitution effect is negative?

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Answered by shreyaa14

Answer:

Suppose that preferences are concave. Is it still the case that the substitution effect is negative? Hints: Yes. Corner solution; substitution effect is negative or zero.....

Answered by Anonymous

Answer:

Hints: Yes. Corner solution; substitution effect is negative or zero.

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