Assume that good X is a normal good. If the price of good X increases, what will happen?
A The substitution and income effects will both lead to more of good X being purchased.
B The substitution and income effects will both lead to less of good X being purchased.
C The substitution effect will lead to more of good X being purchased, while the income effect will lead to less of good X being purchased.
D The substitution effect will lead to less of good X being purchased, while the income effect will lead to more of good X being purchased.
E There will be no income effect because only the price of good X has changed.
