Re: How was CDS

Posted by phelps.phan on May 25, 2014; 8:08pm
URL: http://discussion-forum.276.s1.nabble.com/How-was-CDS-tp7590568p7590617.html

yes Ibrahim, I think c is correct. Substitution effect is always -ve. And for normal good income effect is +ve, since Giffian is an inferior good income effect has to be negative.