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Costa Costa
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Posts: 1009
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6 years ago
The substitution effect is:
A) the effect on quantity demanded caused by people switching to or from an item as its price changes
B) the fact that buyers will substitute whenever their incomes change
C) the effect on demand when buyers substitute one good for another as population grows
D) the effect caused by shifts in the demand curve when price changes
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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