One reason that buyers purchase less of a product when its price rises is that they switch to substitute items.

Name: One reason that buyers purchase less of a product when its price rises is that they switch to substitute items.
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When the price of a product increases, buyers are more likely to look for alternative products that are cheaper or offer better value for money, leading to a shift in demand towards substitute items. This is known as the substitution effect in economics.

One Reason That Buyers Purchase Less of a Product When