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16 January, 10:12

When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies instead. This situation is an example of the

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  1. 16 January, 10:14
    0
    substitution effect The supply curve slopes upward because at a higher price, producers have an incentive to produce more.

    Explanation: Google
  2. 16 January, 10:37
    0
    Answer:income effect
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