Duplicate of Review of Supply, Demand, & Elasticity Flashcards | StudBud

Home Library Explore SAT

Home Library Explore SAT

Duplicate of Review of Supply, Demand, & Elasticity Flashcards | StudBud

Duplicate of Review of Supply, Demand, & Elasticity

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Question

What effect is when the price of a good rises & consumers tend to buy other goods instead?

Answer

Substitution Effect

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