A change in the relative prices of which of the following pair of goods would likely cause the smallest substitution effect?
A) right shoes and left shoes
B) petrol from BP and petrol from Shell
C) Kit-Kat chocolate snacks and Twix chocolate snacks
D) Coke and Pepsi

Question

Quizplus · Accepted Answer

Right shoes and left shoes are essentially identical goods, so the substitution effect is likely to be very small.

A Change in the Relative Prices of Which of the Following