When the price of summer tank tops falls and you buy more of them because they are relatively less expensive, this is calledA) the substitution effect. B) the income effect. C) the deadweight loss effect. D) the elasticity effect.
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Home » Business » When the price of summer tank tops falls and you buy more of them because they are relatively less expensive, this is calledA) the substitution effect. B) the income effect. C) the deadweight loss effect. D) the elasticity effect.