Assume the price of Advil increases. As a result, you decrease the quantity of Advil purchased each month and purchase more Tylenol. This is an example of the:

A. income effect.
B. utility effect.
C. consumption effect.
D. substitution effect.

Answer: D

Economics

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Which of the following is a predicted result of the increased use of additive manufacturing (using 3-D printers)?

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