The substitution effect can be measured by holding ________constant.
A) income
B) price of food
C) price of non-food
D) utility

Name: The substitution effect can be measured by holding ________constant. A) income B) price of food C) price of non-food D) utility
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Question

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The substitution effect is measured by holding utility constant while changing the price of a good, to see how consumption adjusts when a consumer substitutes one good for another while maintaining the same level of overall satisfaction.

The Substitution Effect Can Be Measured by Holding ________Constant