[Solved] The substitution effect works to encourage a consumer to purchase more of as product when the price of tha good is falling because

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Q.	The substitution effect works to encourage a consumer to purchase more of as product when the price of tha good is falling because
A.	The consumer's real income has increased
B.	The consumer's real income has decreased
C.	The product is now less expensive than before
D.	Other products are now less expensive than before
E.	None of the above
Answer» C. The product is now less expensive than before

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