If x is an inferior good and the price of x falls a)the substitution effect will induce
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Question:
If x is an inferior good and the price of x falls
a)the substitution effect will induce the consumer to purchase more x and the income effect will induce the consumer to purchase more x .
b)the substitution effect will induce the consumer to purchase more x and the income effect will induce the consumer to purchase less x.
c)the substitution effect will induce the consumer to purchase less x and the income effect will induce the consumer to purchase more x .
d)the substitution effect will induce the consumer to purchase less x and the income effect will induce the consumer to purchase less x .
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