The change in the optimal quantity of a good when its price changes and the consumers income is adjusted so that she can just buy the bundle that she was buying before the price change is called?1). Law of demand2). Substitution effect3). Problem of choice4). Optimal choice

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1.	The change in the optimal quantity of a good when its price changes and the consumer's income is adjusted so that she can just buy the bundle that she was buying before the price change is called?1). Law of demand2). Substitution effect3). Problem of choice4). Optimal choice
Answer» SUBSTITUTION EFFECT is the ANSWER

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Explore topic-wise InterviewSolutions in Current Affairs.

The change in the optimal quantity of a good when its price changes and the consumer's income is adjusted so that she can just buy the bundle that she was buying before the price change is called?1). Law of demand2). Substitution effect3). Problem of choice4). Optimal choice