According to the Substitution Effect, Which of the Following Best

Multiple Choice

According to the substitution effect, which of the following best describes why a decrease in the price of LED light bulbs leads to an increase in the quantity of LED light bulbs demanded?

A) Buyers have more real income.
B) Buyers always purchase fewer substitute goods for LED light bulbs.
C) Buyers tend to purchase more of the now less expensive LED light bulbs.
D) Buyers tend to purchase more complementary goods to LED light bulbs.