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Hero bakery recently increased the prices of its pastries due to rising ingredient costs. As a result, the demand for their pastries decreased. Which of

Hero bakery" recently increased the prices of its pastries due to rising ingredient costs. As a result, the demand for their pastries decreased. Which of the following best explains this phenomenon? Question 17 options: The substitution effect The law of diminishing marginal utility The income effect The law of supply and demand

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