The Substitution Effect Is the Effect of

Multiple Choice

The substitution effect is the effect of

A) a change in income on the quantity bought.
B) a change in price on the quantity bought when the consumer moves to a higher indifference curve.
C) a change in income on the quantity bought when the consumer moves to a higher indifference curve.
D) a change in the best affordable point.
E) a change in price on the quantity bought when the consumer hypothetically remains on the same indifference curve.