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    Exam 7: The Analysis of Consumer Choice
  5. Question
    The Substitution Effect Always Involves a Change in Consumption in the _______
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The Substitution Effect Always Involves a Change in Consumption in the _______

Question 23

Question 23

Multiple Choice

The substitution effect always involves a change in consumption in the _______ direction of the ________ change.


A) same; budget
B) same; price
C) opposite; price
D) opposite; budget

Correct Answer:

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