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Sam consumes only green eggs and ham. Ham is an inferior good for Sam. One day the price of green eggs goes up. a) Give

Sam consumes only green eggs and ham. Ham is an inferior good for Sam. One day the price of green eggs goes up.

a) Give the income effect on consumption of green eggs.

b) Give the substitution effect on consumption of green eggs.

c) Overall, will consumption of green eggs definitely increase, definitely decrease, or is the overall change in consumption uncertain?

d) Give the income effect on consumption of ham.

e) Give the substitution effect on consumption of ham.

f) Overall, will consumption of ham definitely increase, definitely decrease, or is the overall change in consumption uncertain?

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