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kellz33 kellz33
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5 years ago
According to the substitution effect, if the price of a product goes down
A) the consumer will buy more of the good at the lower price than at a higher price, creating a downward sloping demand curve.
B) the consumer will buy more of the good at a lower price than at a higher price, creating a horizontal demand curve.
C) the consumer will not change the level of purchases of the good when the price changes, making the demand curve a vertical line.
D) the real income of the consumer will increase, causing the consumer to want to buy more of the good, creating a downward sloping demand curve.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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choih94choih94
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5 years ago
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kellz33 Author
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5 years ago
This helped my grade so much Perfect
sleinhi
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Yesterday
Smart ... Thanks!
spaghetti
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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