Question: Which statement is true for a normal good? Question 3 5 Select one: A . The income effect dominates the substitution effect. B . As
Which statement is true for a normal good?
Question Select one:
A
The income effect dominates the substitution effect.
B
As income increases, consumption decreases.
C
The income effect reinforces the substitution effect.
D
As income increases, consumption remains constant.
E
As price falls, we do not know whether consumption increases or decreases.
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