When there are only two goods, the assumption of a diminishing MRS requires that substitution effects have

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When there are only two goods, the assumption of a diminishing MRS requires that substitution effects have price and quantity move in opposite directions for any good. Explain why this is so. Do you think the result holds when there are more than two goods?
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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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