Ask Question
20 January, 10:48

The substitution effect Multiple Choice A. is generally so weak that its effect cannot be predicted. B. for an increase in the relative price of a good is sometimes positive but sometimes negative. C. measures the change in the quantity demanded of a good from a change in its relative price. D. measures the change in the quantity of a good demanded brought about by a change in real income associated with a change in the price of the good.

+2
Answers (1)
  1. 20 January, 11:12
    0
    D

    Explanation:

    Substitution effect is the change in the quantity of a good demanded based on change in price and relative change in income
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The substitution effect Multiple Choice A. is generally so weak that its effect cannot be predicted. B. for an increase in the relative ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers