InterviewSolution
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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The change in the optimal quantity of a good when its price changes and the consumer's income is adjusted so that she can just buy the bundle that she was buying before the price change is called?1). Law of demand2). Substitution effect3). Problem of choice4). Optimal choice |
| Answer» SUBSTITUTION EFFECT is the ANSWER | |