Walt considers x and y to be perfect substitutes.They originally cost 10 and 9 respectively.His income is 720.One day the price of x drops to 8.Which of the following is true?
Walt considers x and y to be perfect substitutes.They originally cost 10 and 9 respectively.His income is 720.One day the price of x drops to 8.Which of the following is true?
A.The income effect increases the quantity of y by 90.
B.The substitution effect increases the quantity of y by 80.
C.The substitution effect increases the quantity of x by 90
D.The income effect increases the quantity of x by 80.
正确答案:The substitution effect increases the quantity of x by 90
Tag:中级微观经济学
时间:2023-12-17 11:47:08