Ask Question
27 March, 06:45

The substitution effect Multiple Choice A. is generally so weak that its effect cannot be predicted. B. for an increase in the relative price of a good is sometimes positive but sometimes negative. C. measures the change in the quantity demanded of a good from a change in its relative price. D. measures the change in the quantity of a good demanded brought about by a change in real income associated with a change in the price of the good.

+5
Answers (1)
  1. 27 March, 08:04
    0
    D

    Explanation:

    Substitution effect is the change in the quantity of a good demanded based on change in price and relative change in income
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The substitution effect Multiple Choice A. is generally so weak that its effect cannot be predicted. B. for an increase in the relative ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers