Broken rice is an inferior good. If its price falls, what income effect and substitution effect will result on the quantity demanded of broken rice?
- Aquantity demanded due to income effect: falls; quantity demanded due to substitution effect: falls
- Bquantity demanded due to income effect: falls; quantity demanded due to substitution effect: rises
- Cquantity demanded due to income effect: rises; quantity demanded due to substitution effect: falls
- Dquantity demanded due to income effect: rises; quantity demanded due to substitution effect: rises