MCQOPTIONS
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| 1. |
The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called? |
| A. | Law of demand |
| B. | Substitution effect |
| C. | Problem of choice |
| D. | Optimal choice |
| Answer» C. Problem of choice | |