ldecarlo7086 ldecarlo7086

05-11-2019
Business

contestada

The substitution effect is the portion of a change in quantity demanded that is due to a change in the relative price of the good.

Question 8 options:

True

False

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fernandoalonsoc fernandoalonsoc

11-11-2019

Answer:

True

Explanation:

The Substitution Effect is the effect on the demand of a certain product because of variations of the prices of the product or the income of households. The concept illustrates how quantities demanded of a product decrease as the population find other products to substitute it.

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Emilyrosewalden Emilyrosewalden

09-02-2020

Answer:

Option A.) TRUEE

Explanation:

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