When does an increase in price produce a substitution effect?
A) only if purchasing power is impacted significantly
B) only if there is a real-income effect
C) only if marginal utility per dollar decreases relative to another good
D) only if marginal utility per dollar increases relative to another good
E) always

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The Answer of When does an increase in price produce a substitution effect?
A) only if purchasing power is impacted significantly
B) only if there is a real-income effect
C) only if marginal utility per dollar decreases relative to another good
D) only if marginal utility per dollar increases relative to another good
E) always

When Does an Increase in Price Produce a Substitution Effect