suppose you live in a world of two goods. Choose the correct answer from the dropdown menu for each of the following statements.

I. The income-consumption curve for perfect complement goods is a upward rising.[ Select ]["True", "False", "Uncertain"]

II. The price-consumption curve for perfect complement goods is a straight line.[ Select ]["True", "False", "Uncertain"]

III. Both goods cannot be inferior.[ Select ]["True", "False", "Uncertain"]

IV. Price consumption curve cannot be vertical.[ Select ]["True", "Uncertain", "False"]

We know that tomato is a normal good. Suppose that the price of tomato declines by 25%. In such a case the substitution effect would cause the amount of tomato purchased to increase by how much?

more than two times

The correct answer is not listed.

by three times

more than three times

two times

less than two times

less than three times