In the case of a normal good with a decrease in its own price, which of the following statements is most likely true? A. Both the substitution effect and the income effect lead to an increase in the...

In the case of a normal good with a decrease in its own price, which of the following statements is most likely true?

A. Both the substitution effect and the income effect lead to an increase in the quantity purchased. B. The substitution effect leads to an increase in the quantity purchased, while the income effect has no impact. C. The substitution effect leads to an increase in the quantity purchased, while the income effect leads to a decrease.