If a consumer’s income increases:

An increase in consumption is always to the full extent of increase in income

What will be the income effect on an inferior good if there is an increase in the income of the consumer?The quantity demanded will increaseThe quantity demanded will decreaseThe quantity demanded will remain unchangedThe quantity demanded could either increase or decrease

If a consumer’s income increases:   There will be a movement along the demand curve. You Answered  None of these   There will be no change in quantity Correct Answer  There will be a change in demand.

If a consumer’s income increases: Group of answer choicesThere will be a change in demand.There will be a movement along the demand curve.There will be an increase in the quantity demanded, but the demand curve will not shift.b and c.None of the above.

What is the term for the change in total consumption resulting from a price change for a good, causing a consumer to buy more of this good rather than other goods?Income effectSubstitution effectPrice effectCommodity effect