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b. Explain how the substitution effect influences bread purchases and provide some examples of substitutions that people might make when the price of bread
b. Explain how the substitution effect influences bread purchases and provide some examples of substitutions that people might make when the price of bread rises and other things remain the same. (5 marks)
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Using Excel & Access for Accounting 2010
Authors: Glenn Owen
3rd edition
1111532672, 978-1111532673
