oord / My courses / ANALYTICAL MICROECONOMICS 1-Lecture-1202 - ECON331): 1 / Chapter 3: Demand Curv The income effect of a price decrease of a good causes quantity consumed of the good to: tion 13 vel wered ked out of O A. remain unchanged; only the substitution effect applies when income is unchanged OB. increase, if the good is a normal good, but decrease if the good is an inferior good log estion O C. increase OD decrease, if the good is a normal good, but increase if the good is an inferior good. Lecture 4 - chapter 3 Jump to