Caleb H.

asked • 10/03/22

Which of the following scenarios violates the law of demand with respect to a price change?

Which of the following scenarios violates the law of demand with respect to a price change?

a. The substitution effect is +2 and the income effect is -2.


b. The substitution effect is +2 and the income effect is -1.


c. The substitution effect is -2 and the income effect is -2.


d. The substitution effect is -2 and the income effect is +3.


e. none of the above

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