The substitution effect is a?
O Common denominator that can be used to express worth in terms
...
Social Studies, 19.05.2021 23:30 Maria3737
The substitution effect is a?
O Common denominator that can be used to express worth in terms
that most individuals understand Allows for comparison
O A lower price increases the purchasing power of money income
enabling the consumer to buy more at lower prices (or less at
higher prices)
O A lower price gives an incentive to substitute the lower priced
good for now relatively higher priced goods
O Services can be exchanged for money and stored until needed
Answers: 3
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