When a consumer consumes more of a good that has become cheaper in place of a good that has become relatively more expensive, this is known as the:
A.income effect.
B.substitution effect.
C.budget constraint.
D.inferior effect.

Question

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The Answer of When a consumer consumes more of a good that has become cheaper in place of a good that has become relatively more expensive, this is known as the:
A.income effect.
B.substitution effect.
C.budget constraint.
D.inferior effect.

When a Consumer Consumes More of a Good That Has