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Doug, a thrifty shopper, who normally buys Quaker Oats, notices that private label Fareway oats are $2 cheaper and hence opts for the Fareway Oats
Doug, a thrifty shopper, who normally buys Quaker Oats, notices that private label Fareway oats are $2 cheaper and hence opts for the Fareway Oats in place of Quaker Oats. This is a form of the: Group of answer choices Duopolistic effect Substitution effect Monopolistic effect Income effect Oligopolistic effect
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