Multiple Choice
Jeff is a hockey player who uses hockey sticks manufactured by a particular company.The manufacturing company decides to increase the price of hockey sticks, so Jeff switches to another company offering similar quality hockey sticks at a lower price.This is an example of the:
A) substitution effect.
B) price effect.
C) supply effect.
D) demand effect.
E) income effect.
Correct Answer:

Verified
Correct Answer:
Verified
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