Which of the following statements is FALSE?
选项:
A: When the relative price of a good falls, the substitution effect always leads the consumer to substitute more of that good for the other good.
B: For a normal good, the income effect reinforces the substitution effect.
C: For an inferior good, the income effect offsets the substitution effect.
D: For an inferior good, the income effect is positive.
发布时间:2024-05-06 22:10:51