Business
Business, 07.11.2019 04:31, silviarahnama

What is the substitution effect of a price change? consumers will buy more of the good whose relative price has risen and less of the good whose relative price has fallen. consumers will consume less of the good whose relative price has risen and more of the good whose relative price has fallen. when prices fall, consumers will have more purchasing power and buy more of all goods. when prices fall, consumers will have more purchasing power and buy more of th

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What is the substitution effect of a price change? consumers will buy more of the good whose relati...

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