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Business, 13.02.2020 19:53 Alex9089435028

Suppose Lois usually buys two cups of coffee for two dollars each and one scone for two dollars each. If the price of scones falls to one dollar each and she now buys two cups of coffee and two scones, this illustrates the:.
A) total utility effect.
B) marginal rate of substitution.
C) substitution effect.
D) real-income effect.

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Suppose Lois usually buys two cups of coffee for two dollars each and one scone for two dollars each...
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