Social Studies, 08.05.2020 07:57 ed100

According to the substitution effect, why do changes in price motivate consumers to buy relatively cheaper substitute goods?

A. they move away from products that are now relatively more expensive
B. they move away from products that are now relatively less expensive

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According to the substitution effect, why do changes in price motivate consumers to buy relatively cheaper substitute goods? A. they move away from products that are now relatively more expensive B. they move away from products that are now relatively less expensive

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Another question on Social Studies

According to the substitution effect, why do changes in price motivate consumers to buy relatively cheaper substitute goods?

A. they move away from products that are now relatively more expensive
B. they move away from products that are now relatively less expensive