Business, 02.08.2019 13:30, Imthiccasf

Which of the following describes the substitution effect? a. as the price of a good falls, people will substitute other products. b. as the price of a good rises, people will substitute other products. c. as demand rises, people will substitute other products. d. as demand falls, people will substitute other products.

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Which of the following describes the substitution effect? a. as the price of a good falls, people w...