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When the Price of a Good Rises,the Resulting Change in Relative

Question 61

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When the price of a good rises,the resulting change in relative price causes the consumer to reduce his quantity demanded of that good,even when the consumer is income-compensated so that he remains indifferent about the price change.This observation is known as the


A) Giffen good phenomenon.
B) law of demand.
C) substitution effect.
D) income effect.

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