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MICROECONOMICS CH : 5 THEORY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 5 THEORY OF DEMAND1 Mark
MCQ
Law of demand is violated when
  • A
    income effect is negative
  • B
    substitution effect is negative
  • ✓
    negative income effect is greater than substitution effect
  • D
    negative income effect is less than substitution effect
✓

Answer

Correct option: C.
negative income effect is greater than substitution effect
(C)

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