A Change in the Relative Prices of Which of the Following

question 23

Multiple Choice

A change in the relative prices of which of the following pair of goods would likely cause the smallest substitution effect?

• A) Right shoes and left shoes.
• B) Petrol from BP and petrol from Shell.
• C) Kit-Kat chocolate snacks and Twix chocolate snacks.
• D) Coke and Pepsi.

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