What effect is working when the price of a good falls and-09178
What effect is working when the price of a good falls and consumers tend to buy it instead of other goods?
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.2.
What effect is working when the price of a good falls and consumers tend to buy it instead of other goods?
The diminishing marginal utility effect
The ceteris paribus effect
The income effect
The substitution effect
