If the price of pork rinds falls,the substitution effect due to the price change will cause
A)an increase in the demand for pork rinds.
B)an increase in the demand for corn chips,a substitute for pork rinds.
C)an increase in the quantity of pork rinds demanded.
D)a decrease in the quantity of pork rinds demanded.

Question

Quizplus · Accepted Answer

The substitution effect states that as the price of a good falls, consumers will substitute it for other goods, leading to an increase in the quantity demanded of the cheaper good, in this case, pork rinds.

If the Price of Pork Rinds Falls,the Substitution Effect Due