D | Question 19 1 pts When the price of a normal good falls so you decide you wa

Question

D | Question 19 1 pts When the price of a normal good falls so you decide you want to buy more of them. This is called ?the income effect O the substitution effect O the elasticity effect 0 the law of diminishing marginal utility 1 pts DQuestion 20 A grocery store put salt on sale but found that total revenues fell. This can be explained by which of the following? O The demand curve for salt is vertical. O The demand for salt is unitary elastic ° The demand for salt is inelastic. O The demand for salt is very elastic.

Explanation / Answer

19. The correct answer is B. As there is a negative relation price and demand this is the substitution effect.

20. The correct answer is C.

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