4. The total effect of a price change of a commodity is А. Sustitution effect plus price effect B. O Substitution effect plus income effect С. Substitution effect plus demonstration effect D. O Substitution effect minus income effect

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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4. The total effect of a price change
of a commodity is
A. O Sustitution effect plus price effect
B. O Substitution effect plus income
effect
С.
Substitution effect plus
demonstration effect
D. O Substitution effect minus income
effect
Transcribed Image Text:4. The total effect of a price change of a commodity is A. O Sustitution effect plus price effect B. O Substitution effect plus income effect С. Substitution effect plus demonstration effect D. O Substitution effect minus income effect
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