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The Substitution Effect of a Decrease in the Price of Movie

Question 83

Multiple Choice
The substitution effect of a decrease in the price of movie tickets results in A)an increase in the quantity of movie tickets demanded. B)a decrease in the quantity of movie tickets demanded. C)an increase in the demand for movie tickets. D)a decrease in the demand for movie tickets.

The substitution effect of a decrease in the price of movie tickets results in


A) an increase in the quantity of movie tickets demanded.
B) a decrease in the quantity of movie tickets demanded.
C) an increase in the demand for movie tickets.
D) a decrease in the demand for movie tickets.

Correct Answer:

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