Substitution effect is always negative regardless of whether the good is normal / inferior / giffen. So quantity will fall when price rises first but due to being a normal good income effect pushes the quantity down further.
Posted from TSR Mobile
Posted from TSR Mobile
Quick Reply
Related discussions
- University of Exeter vs University of Leeds
- Should I get an Economics degree?
- Do uni names matter?
- Aru for business
- University choices for economics
- Economics or Law at uni
- Southampton, Nottingham or Kent for Economics?
- University Options
- Economics and Business for ALevel
- For studying economic - U of Manchester or Lancaster
- A level and university advice
- Economics courses in UK without further maths a level
- University advice ?? Maybe ?
- Examples of Personal Statement
- accounting and finance or economics
- Sheffield Economics graduate - ask me anything :-D
- Choosing Between Reading and Loughborough for Economics & Investment Banking
- A-level choices
- Economics vs Industrial Economics
- BA Business Economics vs BA economics. Help!
