3 years ago

4. How does the substitution effect work when the price of an item drops?

2 answers:

7 0

Answer:

the answer is A. If the price of your favorite brand of soup drops because of a sale, you'll feel more compelled to buy more of that soup before the sale ends.

dimaraw [331]3 years ago

4 0

Answer:

Explanation:

Due to a psychological process, consumers willl see something cheaper and feel the need to get it before the price rises again

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