Answered: Which of the following is incorrect? O…

Which of the following is incorrect? O Income effect can be zero If consumer consumes two goods, both of them can be normal goods. OA giffen good can be a normal good Substitution effect can be zero

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 2CQQ

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Question

Which of the following is incorrect?
Income effect can be zero
If consumer consumes two goods, both of them can be normal goods.
A giffen good can be a normal good
Substitution effect can be zero

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