The substitution effect works to encourage a consumer to purchase more of a product when the price of that goods is falling because
| A. | Other products are now less expensive than before |
| B. | The consumer's real income has decreased |
| C. | The product is now relatively less expensive than before |
| D. | The consumer's real income has increased |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
