Multiple Choice
Megan was an assistant manager in a firm and bought a Hyundai Accent L hatchback.She was then promoted to the position of senior manager and bought a Volvo S80.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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