Question

The substitution effect Multiple Choice A. is generally so weak that its effect cannot be predicted. B. for an increase in the relative price of a good is sometimes positive but sometimes negative. C.measures the change in the quantity demanded of a good from a change in its relative price. D.measures the change in the quantity of a good demanded brought about by a change in real income associated with a change in the price of the good.

Answer 1

Answer:

D

Explanation:

Substitution effect is the change in the quantity of a good demanded based on change in price and relative change in income