Multiple Choice
Jeff likes Pepsi and pizza. When the price of pizza rises, the substitution effect causes Pepsi to be relatively
A) more expensive, so Jeff buys more Pepsi.
B) more expensive, so Jeff buys less Pepsi.
C) less expensive, so Jeff buys more Pepsi.
D) less expensive, so Jeff buys less Pepsi.
Correct Answer:
Verified
Correct Answer:
Verified
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