The Substitution Effect Measures How

question 139

Multiple Choice

The substitution effect measures how

• A)the quantity demanded of one good is influenced by a change in income,with prices constant
• B)the quantity demanded of one good is influenced by a change the price of another good
• C)marginal utility per dollar spent is affected by income changes
• D)an increase in the price of a good is effectively the same as a reduction in income
• E)the quantity demanded of one good is influenced by a change in the price of that good,with income constant

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Definitions:

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