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Ace_AZ Ace_AZ
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6 years ago
The substitution effect shows that
A) if the price of a good increases, consumers buy more of that good and less of all others.
B) if the price of a good falls relative to all other goods, consumers buy less of that good and more of all others.
C) if the price of a good falls, consumers buy less of all goods.
D) if the price of a good rises, consumers buy less of that good and more of others.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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mr3stepsmr3steps
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6 years ago
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Ace_AZ Author
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#2
6 years ago
Marking this solved, moving on to the next...
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