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Substitution effect of a price change is Select one: a. The change in consumption of X due to this declining in well-being b. A fall

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Substitution effect of a price change is Select one: a. The change in consumption of X due to this declining in well-being b. A fall in the price of product X might cause a household to shift its purchasing pattern away from substitutes toward X c. The change in consumption of X due to this improvement in well-being d. A rise in the price of product X might cause a household to shift its purchasing pattern away from substitutes toward X

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