Exam (elaborations)
ECONOMICS 203 Quiz 3_ECON 203 PRINCIPLES OF ECONOMETHICS Questions and Answers
- Course
- ECONOMICS 203 (ECONOMICS203)
- Institution
- University Of Maryland - University College
Question 1 1 / 1 point The ________________ arises when a price changes because consumers have an incentive to consume less of the good with a relatively higher price and more of the good with a relatively lower price. a) preferences effect b) substitution effect c) income eff...
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