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When consumers purchase alternative products as a result of a change in the price of an original product, this illustrates

When consumers purchase alternative products as a result of a change in the price of an original product, this illustrates

  • the income effect.
  • the marginal effect.
  • the substitution effect.
  • the demand effect.



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  1. When consumers purchase alternative products as a result of a change in the price of an original product, this illustrates:

    the substitution effect.