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All Other Things Constant,if a _____ Proportion of a Consumer's

question 28

Multiple Choice

All other things constant,if a _____ proportion of a consumer's budget is spent on a good,the demand for the good will be more _____ and the consumer will purchase a substitute instead.


Definitions:

Lower Court Cases

Legal disputes and decisions that are handled in courts with limited jurisdiction, such as municipal or district courts.

Percent

A unit of measure used to express a proportion or fraction of 100.

Federal Courts

Courts established by the federal government of a country that have jurisdiction over matters involving federal laws.

Civil Cases

Legal disputes between individuals or organizations that often involve issues of private law, such as contracts, property, and family relations.

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