Managerial Economics 1 MCQ: What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods

What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods

Correct Answer: substitution effect

Make the most of this question

This page focuses on one Managerial Economics 1 question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

← More Managerial Economics 1 MCQs All Faculty topics Mock test hub

WhatsApp+91 99922 70404Managerial Economics 1 MCQ: What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods | Extra Education