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Economics (AS & A Level) · May / June 2022 · Paper 31 · Question 6

9708Indifference curves and budget lines

Broken rice is an inferior good. What would be the resulting income and substitution effect on the quantity demanded of broken rice if its price falls?

  1. Afalls; falls
  2. Bfalls; rises
  3. Crises; falls
  4. Drises; rises

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Correct answer: B. falls; rises

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