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When the price of gasoline decreases, Brad buys more gasoline and more of all other goods. This information describes A. the substitution effect of a
When the price of gasoline decreases, Brad buys more gasoline and more of all other goods. This information describes A. the substitution effect of a price decrease. B. the demand effect of a price decrease. C. the consumption effect of a price decrease. D. the real income effect of a price decrease
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
