Question: Which of the following is incorrect? Olf utility function is quasi-linear, one good does not have any income effect Substitution effect and income effect are

Which of the following is incorrect? Olf utility function is quasi-linear, one good does not have any income effect Substitution effect and income effect are in the opposite direction if the good is inferior OA Giffen good is inferior good If consumer consumes two goods, both of them can be inferior goods

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