Multiple Choice
Cindy went shopping for a new outfit.She bought a low-priced shirt at a discount store,and combined it with an expensive designer skirt.Which of the following terms best describes Cindy's actions?
A) Cross-shopping
B) The income effect
C) Cross-price elasticity
D) The substitution effect
E) Specialty shopping
Correct Answer:
Verified
Correct Answer:
Verified
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