Question: What is the substitution effect in consumer theory? Question 2 options: The change in quantity demanded due to a change in real income The change

What is the substitution effect in consumer theory?
Question 2 options:
The change in quantity demanded due to a change in real income
The change in quantity demanded resulting from a change in the price of a good
The downward slope of indifference curves
The principle of diminishing marginal utility

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