Multiple Choice
If the price of the good measured on the horizontal axis falls,the substitution effect is indicated by movement to a
A) higher indifference curve.
B) lower indifference curve.
C) steeper part of the same indifference curve.
D) flatter part of the same indifference curve.
E) flatter part of a higher indifference curve.
Correct Answer:

Verified
Correct Answer:
Verified
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