Economics · Consumer Behaviour

The substitution effect of a change in price is always:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Positive for superior goods
2Negative for all goods✓
3Negative for Giffen goods
4Positive for normal goods

Correct answer

Negative for all goods

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The substitution effect of a change in price is always:

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The substitution effect of a change in price is always:

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