The Change in a Consumer's Consumption of a Good in Response

question 163

Multiple Choice

The change in a consumer's consumption of a good in response to an income-compensated price change is called the:

• A) substitution effect.
• B) budget effect.
• C) demand effect.
• D) income effect.

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Definitions:

Diversity

The participation of different ages, genders, races, ethnicities, nationalities, and abilities in the workplace.