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). If good X is cheaper than good Y, and a consumer decides to consume more of good X and less of good Y, the
). If good X is cheaper than good Y, and a consumer decides to consume more of good X and less of good Y, the effect is known as ---- effect.
(b). If the price of a good goes down and, a consumer decides to consume more of that good, the effect is known as -------- effect.
(c). If a consumer's income goes up and the consumer consumes less of good M, good M is known as ------ good.
(d). A consumer's budget line assumes that the consumer spends ----- of their income.
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