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The two goods are strict complements The two goods are strict substitutes D Question 6 1 pts Assume that a consumer has well-behaved preferences. Following
The two goods are strict complements The two goods are strict substitutes D Question 6 1 pts Assume that a consumer has well-behaved preferences. Following a price increase for good 1, we observe that a consumer increases the quantity demanded for good 1. From this, we know that The pure substitution effect increases the consumption of good The pure substitution effect and the just reinforce one another O Good 1 must be an inferior good D both a and c one of the above
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