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Which of the Following Represents the Substitution Effect of an Increase

Question 145

Multiple Choice

Which of the following represents the substitution effect of an increase in the price of apples?


A) A decrease in the consumer's real income
B) A decrease in the quantity of apples purchased
C) A decrease in the quantities of all goods purchased by the consumer
D) A shift of consumption from other goods to apples
E) A decrease in the opportunity cost of consuming apples

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