If consumers spend their money only on beef and vegetables, then the substitution effect of an increase in the price of beef would result in consuming ________ beef and ________ vegetables.
A) more; more
B) less; fewer
C) more; fewer
D) less; more

Question

Quizplus · Accepted Answer

The Answer of If consumers spend their money only on beef and vegetables, then the substitution effect of an increase in the price of beef would result in consuming ________ beef and ________ vegetables.
A) more; more
B) less; fewer
C) more; fewer
D) less; more

If Consumers Spend Their Money Only on Beef and Vegetables