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    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 4: Demand, Supply, and Markets
  5. Question
    The Substitution Effect of a Price Change Describes the Change
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The Substitution Effect of a Price Change Describes the Change

Question 9

Question 9

True/False

The substitution effect of a price change describes the change in the quantity demanded of a good due to a change in its relative price.

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