A change in the price of a good has two effects on the quantity consumed. What are these effects?
A. the income effect and the substitution effect
B. the consumption effect and expenditure effect
C. the total utility effect and marginal utility effect
D. the utility effect and the budget effect
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Home » Business » A change in the price of a good has two effects on the quantity consumed. What are these effects? A. the income effect and the substitution effect B. the consumption effect and expenditure effect C.