In substitution effect and income effect:

A. The substitution effect is more certain

B. The income effect is more certain

C. The substitution effect is uncertain

D. The income effect is always positive

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  1. A typical demand curve cannot be:
  2. Income distribution effects:
  3. Economic laws are:
  4. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  5. In long run, a firm can change:
  6. Rational economic behavior on the part of the consumer means that he will:
  7. The supply curve would probably shift to the right if:
  8. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  9. Marginal Productivity Theory deals with the theory of:
  10. Total Utility (TU) curve:
  11. In perfect cartel, the:
  12. In substitution effect, we:
  13. Diseconomies of management lead to:
  14. According to classical approach, utility can be:
  15. Two policy variables, product and selling activities in the theory of firm was introduced by:
  16. Change in demand (rise and fall of demand) is:
  17. Variable cost includes the cost of:
  18. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  19. The kinked demand curve comes into being where:
  20. Ordinal approach includes arranging:
  21. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  22. The main contribution of David Ricardo is in the field of:
  23. The cost curves of the firm shift due to changes in:
  24. Scarcity means:
  25. The production process is:
  26. When total revenue is maximum in monopoly, elasticity of demand is:
  27. The CES production function shows:
  28. Which of the following does not have a uniform elasticity of demand at all points?
  29. Indifference curve represents:
  30. The demand curve of ostentation goods (Veblen goods) will be: