Multiple equipped items?

I just wanted to throw out the question if there are any limits as to how many effect increasing accessories a character can equip at a given time.

Followup questions include: Does equipped items count against inventory space? Do you have to state what a certain item that you are wearing does at the start of each topic? Also can you combine multiple effects onto one thing (ex: a backpack that also works as a joy scarf)?

If this is something that hasn't been thought of yet then here is my opinion on the matter: Yes you would be able to equip multiple effect items but you are limited to 1/3 of your total inventory. Equipped items does not count as being in your inventory as you are wearing them and not putting them in some kind of backpack.

So, does anyone have input on this?

Turning Items, such as the Joy Ribbon, into a different object, like a cape or a backpack, can be done using the shop known as Dandy's Boutique. There you can attach effects onto an item and combine items, however I don't think you can apply more than one effect to an item. Held items do not count towards inventory space since you're wearing them and their not in your bag I think ^^

First I'd like to thank you for the speedy responce, I honestly hadn't expected it.

As for the questions I had I think you answered it all, especially after reading this in the store you pointed me to: "Note that effect-giving accessories cannot be worn together, only one at a time. Any amount of non-effect accessories can be worn at the same time, and do not cancel out the effect of an effect-giving accessory." so thank you for that as well! :)