Question: Time left 1 : 3 3 : 2 1 Assume that a college student purchases only coffee and candy bars. What will the substitution effect
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Assume that a college student purchases only coffee and candy bars. What will the substitution effect associated with a decrease in the price of a candy bar result in
a an increase in the consumption of coffee only
b a decrease in the consumption of coffee only
c an increase in the consumption of candy bars, and a decrease in the consumption of coffee
d a decrease in the consumption of candy bars, and an increase in the consumption of coffee
e None of the above.
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