Economics · Consumer Behaviour
If the income effect is in the opposite direction as the substitution effect, but the substitution effect dominates, then the good is a/an _________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Veblen good
- 2Giffen good
- 3Inferior but not Giffen good✓
- 4Normal good
Correct answer
Inferior but not Giffen good
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