The Substitution Effect Is the Effect of

question 116

Multiple Choice

The substitution effect is the effect of

• A)a change in income on the quantity bought.
• B)a change in price on the quantity bought when the consumer moves to a higher indifference curve.
• C)a change in income on the quantity bought when the consumer moves to a higher indifference curve.
• D)a change in the best affordable point.
• E)a change in price on the quantity bought when the consumer hypothetically remains on the same indifference curve.

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