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stars_and_moon stars_and_moon
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Posts: 3218
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8 years ago
The substitution effect occurs when a lower price on a good causes a person to buy
A) more of that good because the demand curve is upward sloping.
B) more of that good because real income increases.
C) more of that good in place of alternative goods.
D) less of that good for any reason.
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kingbykingby
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#1
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8 years ago
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#2
8 years ago
Incredible!
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#3
8 years ago
Great! Now we can move on to the next one
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