Solved

When the Relative Price of a Good Decreases,consumers Respond by Buying

Question 157

Multiple Choice

When the relative price of a good decreases,consumers respond by buying


A) a larger quantity of that good and a larger quantity of substitutes for that good.
B) a larger quantity of that good and a smaller quantity of substitutes for that good.
C) a smaller quantity of that good and a larger quantity of substitutes for that good.
D) a smaller quantity of that good and a smaller quantity of substitutes for that good.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions