Bandwagon definition: a wagon, usually large and ornately decorated, for carrying a musical band while it is playing, as in a circus parade or to a political rally.. See examples of BANDWAGON used in a sentence.
Which of the following statements is correct about the Income Effect (IE) and the Substitution Effect (SE) of a change in the price of Good X: a) If IE and SE work in the same direction, then X is an inferior goo...