Register
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the A) income effect B) law of supply C) substitution effect
162k views
5 votes
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the

A) income effect
B) law of supply
C) substitution effect

User Soloturn
by
7.5k points

2 Answers

4 votes
The answer would be income effect
User Lulumeya
by
7.0k points
4 votes
I think the answer for this question is A
User Syed Qasim Ahmed
by
7.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.1m questions

10.8m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!