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16 Nov 2018
28) The substitution effect is the effect of A) a change in income on the quantity bought. B) a change in price on the quantity bought when the consumer moves to a higher indifference curve. C) a change in income on the quantity bought when the consumer moves to a higher indifference curve. D) a change in the best affordable point. E) a change in price on the quantity bought when the consumer hypothetically remains on the same indifference curve.
28) The substitution effect is the effect of A) a change in income on the quantity bought. B) a change in price on the quantity bought when the consumer moves to a higher indifference curve. C) a change in income on the quantity bought when the consumer moves to a higher indifference curve. D) a change in the best affordable point. E) a change in price on the quantity bought when the consumer hypothetically remains on the same indifference curve.
Hubert KochLv2
17 Nov 2018
