Business, 20.12.2019 02:31, HistoryLee

You can spend $5 for lunch and you would like to have two double cheeseburgers. when you get to the restaurant, you find out the price for double cheeseburger has increased from $2.50 to $2.99. you decide to have just one double cheeseburger for lunch. this is best described as a(n):

a. substitution effect.
b. income effect.
c. buyer's reservation price effect.
d. seller's reservation price effect.

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You can spend $5 for lunch and you would like to have two double cheeseburgers. when you get to the...