Business, 12.10.2019 10:00 robertobi1988

Suppose the price of apples falls relative to other similar goods, and as a result the quantity of apples demanded increases. this is caused by

a. increased demand effect.

b. real income effect.

c. increased relative demand effect.

d. substitution effect.

Answers: 1

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Suppose the price of apples falls relative to other similar goods, and as a result the quantity of apples demanded increases. this is caused by a. increased demand effect. b. real income effect. c. increased relative demand effect. d. substitution effect.

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Suppose the price of apples falls relative to other similar goods, and as a result the quantity of apples demanded increases. this is caused by

a. increased demand effect.

b. real income effect.

c. increased relative demand effect.

d. substitution effect.