Question
A friend of mine recently told me that his favourite scotch The Glenlivet, kept increasing in price every few months. Even though he loves that
A friend of mine recently told me that his favourite scotch The Glenlivet, kept increasing in price every few months. Even though he loves that particular drink, recently he switched to a Cheaper brand, Jack Daniels. Is this an example of substitution efffect?
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
