Answered: If Yam consumes both Apples and Ice…

If Yam consumes both Apples and Ice Cream in a fixed proportion. If price of Apples increases, the entire change in demand is due to the substitution effect. True False

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 21SQ

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Question

If Yam consumes both Apples and Ice Cream in a fixed proportion. If price of Apples increases, the entire change in demand is
due to the substitution effect.
True
False

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