As coffee becomes more expensive, Joe starts drinking tea, and therefore quantity demanded for coffee decreases. This is called:


As coffee becomes more expensive, Joe starts drinking tea, and therefore quantity demanded for coffee decreases. This is called:

A.the change in equilibrium.

B.the income effect.

C.the substitution effect.

D.a shift in the demand curve.

正确答案:the substitution effect.


Tag:微观经济学 中国大学MOOC微观经济学 时间:2021-12-11 14:30:14