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wrote...
Posts: 218
A month ago
The change in the quantity consumed that is caused by a change in the relative price of a good, with real income held constant, refers to the:

▸ equimarginal rule.

▸ law of diminishing marginal utility.

▸ income effect.

▸ substitution effect.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
Posts: 228
A month ago
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substitution effect.
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