The quantity of Revlon nail polish demanded by Jen decreased after the price of Revlon nail polish increased. Jen decides to find a cheaper brand of nail polish. This is called a(n):
The quantity of Revlon nail polish demanded by Jen decreased after the price of Revlon nail polish increased. Jen decides to find a cheaper brand of nail polish. This is called a(n):
A.income effect of a price change.
B.substitution effect of a price change.
C.decrease in buyer’s reservation price.
D.increase in buyer’s reservation price.
正确答案：substitution effect of a price change.
Tag：微观经济学 中国大学MOOC微观经济学
时间：2021-12-11 14:30:17
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