學生問: (2015 AP 微觀考試倒數 12小時)

學生問: (2015 AP 微觀考試倒數 12小時)

AP microeconomics 微觀真題

Q49. The answer is (B)

Substitution effect: price up, quantity demanded down

Income effect: price up, purchasing power down, quantity demanded down. So they reinforce each other.