Chemistry, asked by hshdhh, 1 year ago

When the price of an inferior good falls the substitution effect?​

Answers

Answered by prashant247
0

Explanation:

However, substitute goods can also be considered inferior goods. An inferior good is a product that has its demand increase when consumer income falls. For inferior goods, the substitution effect can in part be offset by the income effect with respect to other goods after a relative price change.

Answered by Anonymous
0

hola mate

substitute goods can also be considered inferior goods.an inferior good is a product that has its demand increase when consumer income falls.for inferior goods the substitution effect can in part be offset by the income effect

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