Answer: True.
Explanation: Substitution Effect is the change in consumption that results when a price change moves the consumer along a particular indifference curve to a point with a new marginal rate of substitution.
"Out of the blue, the <span>cavalry comes to the rescue."</span>
Answer: Inflation is the increase of the general price levels on goods over a period of time. It occurs when the production of goods can't meet consumer demand so, services increase to outstrip the supply.
Explanation:
