Consider the income and substitution effects of price changes.The substitution effect is the change in quantity demanded that occurs
A) when one good is substituted for another.
B) with a change in the relative prices of two or more goods.
C) as a result of a change in relative prices,with real income held constant.
D) as a result of a change in relative prices with money income held constant.
E) as a result of a change in absolute prices,with real income held constant.
Correct Answer:
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