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Its multi answer what phrase describes the substitution effect? buying cheaper alternatives when a product becomes expensivereplacing existing producers in a market with new producersreplacing existing prducts in a market with higher quality productssubstituting existing technology with a new technology to produce more goodscopying
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During the great depression, the united states demanded repayment of loans it made to european nations forindustnal developmentworld war i expenses.unemployed workersstock market losses.
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