Multiple Choice
Amy purchases only coffee and croissants.The substitution effect associated with a decrease in the price of a croissant will result in:
A) a decrease in the consumption of croissants and an increase in the consumption of coffee
B) an increase in the consumption of croissants and a decrease in the consumption of coffee
C) only a decrease in the consumption of coffee
D) only an increase in the consumption of coffee
Correct Answer:

Verified
Correct Answer:
Verified
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