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The substitution effect of a change in the price of cauliflower is the portion of the change in the ...

seeb1999

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The substitution effect of a change in the price of cauliflower is the portion of the change in the ...

Question 1.

The substitution effect of a price increase causes a decrease in the quantity of an inferior good demanded.

• true

• false

Question 2.

The substitution effect of a change in the price of cauliflower is the portion of the change in the quantity of cauliflower demanded that can be attributed to the change in the price of a substitute vegetable such as asparagus.

• true

• false

Textbook

Microeconomics

Edition: 7^th

Authors: Hubbard, O'Brien

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h00304413

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More solutions for this book are available here

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seeb1999 Author

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5 years ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

dianeflunder

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Smart ... Thanks!

annabananerz

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Correct

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