Question

A change in the price of a good has two effects on the quantity consumed. What are these​ effects?

A. the income effect and the substitution effect
B. the consumption effect and expenditure effect
C. the total utility effect and marginal utility effect
D. the utility effect and the budget effect

Answer 1

The answer is B

Explanation: This because when we consume something it goes while if we do not the price goes down.