The Substitution Effect of a Change in the Price of Bananas

question 195

Multiple Choice

The substitution effect of a change in the price of bananas refers to the way in which a change in the

• A)price of a substitute affects the demand for bananas
• B)price of bananas affects the ability to buy them
• C)relative price of bananas changes demand for them
• D)relative price of bananas changes the quantity demanded of bananas
• E)price of a substitute affects the quantity demanded of bananas

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