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Jeff Is a Hockey Player Who Uses Hockey Sticks Manufactured

Question 116

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.

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