Multiple Choice
A consumer consumes two normal goods, popcorn and Pepsi. The price of Pepsi rises. The substitution effect, by itself, suggests that the consumer will consume
A) more popcorn and more Pepsi.
B) less popcorn and less Pepsi.
C) more popcorn and less Pepsi.
D) less popcorn and more Pepsi.
Correct Answer:
Verified
Correct Answer:
Verified
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