Multiple Choice
Jeff is a hockey player who uses hockey sticks manufactured by Teal Inc.Teal increases the price of hockey sticks, so Jeff switches to another brand offering the same quality of hockey sticks at a lower price.This change in brand is an example of the:
A) substitution effect.
B) complementary effect.
C) supply effect.
D) demand effect.
E) income effect.
Correct Answer:
Verified
Correct Answer:
Verified
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