Inferior Good in Income and Substitution Effects Homework Help

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One of the most difficult wings or chapters of economics or microeconomics is the impact of inferior goods on income and substitution effects. When you are working on the substitution effects, you must understand how your buying decision is dependent on your income. When price increases, you tend to switch to other goods that are inexpensive. Now with inferior goods, the price might vary. This too will affect your decision.

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