As the price of adidas basketball decreased kobe bought, Ask an Expert

Economics

As the price of Adidas basketball decreased, Kobe bought additional Adidas basketballs and less Nike basketballs. Which of the following expressions clarifies Kobe's decision to purchase more of Adidas basketball?

A. the price effect

B. an increase in the demand for Adidas basketballs

C. the substitution effect

D. the income effect

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91828257

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