I need the answer as soon as possible 63. The 'substitution effect' takes placedue to change inA.Income of the consumersB. O Prices of the commodityC. O Relative prices of the commoditiesD. O All of the above

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63. The 'substitution effect' takes place due to change in

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...

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I need the answer as soon as possible

63. The 'substitution effect' takes place
due to change in
A.
Income of the consumers
B. O Prices of the commodity
C. O Relative prices of the commodities
D. O All of the above

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