Discuss the income and substitution effects of a price change in case of a normal good.

Sure thing! When examining the impact of a price change on a normal good in the context of introductory microeconomics, it's essential to explore the income and substitution effects.

Firstly, let's define a normal good. In economics, a normal good refers to a product for which demand rises as consumer income increases, assuming other factors remain constant. These goods follow the typical law of demand: as the price decreases, the quantity demanded increases, and vice versa, assuming income and other factors remain unchanged.

Now, when the price of a normal good changes, it triggers both income and ___ _______ _________ ______ _________ ______ ____.
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