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The Basics of Demand
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
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Problem 7
Problem 8
Problem 9
Problem 10
The Basics of Demand
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3. Supply and Demand / The Basics of Demand / Problem 4
Problem 4
Which effect explains why consumers buy other goods when the price of a good increases?
A
Price effect
B
Income effect
C
Substitution effect
D
Demand effect
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