Tag: indifference curve

Questions Related to indifference curve

In indifference curve theory, price effect is split into which two effects?

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. Price effect and output effect

  2. Price effect and substitution effect

  3. Price effect and income effect

  4. Substitution effect and income effect

Show answer
Correct Option: D