The Substitution Effect Says

Multiple Choice

The substitution effect says:

A) when the price of a beef increases, consumers will tend to substitute with chicken.
B) when the price of a beef increases, consumers will tend not to substitute.
C) when the price of a beef increases, consumers will tend to eat more beef.
D) when the price of a beef decreases, consumers will tend to substitute with chicken.
E) none of the above.