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The income and substitution effects are both a result of


1. The income and substitution effects are both a result of changing the price of a good.

True

False

2. The income and substitution effects are both a result of changing the price of a good.

True

False

3. The demand for an input is a direct demand.

True

False

4. The no satiation principle states that less is better

True

False

5. The income and substitution effects are both a result of changing the price of a good.

True

 

False

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Microeconomics: The income and substitution effects are both a result of
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