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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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