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Social StudiesSocial Studies
1 April, 04:40

Which phrase describes the substitution effect?

A.) buying cheaper alternatives when a product becomes expensive

B.) replacing existing producers in a market with new producers

C.) replacing existing products in a market with higher-quality products

D.) substituting existing technology with a new technology to produce more goods

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  1. 1 April, 08:33
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    The phrase that describes the substitution effect is A) buying cheaper alternatives when a product becomes expensive.
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