When the price of an input increases

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Reference no: EM131160445

When the price of an input increases, the substitution effect predicts that, all else remaining constant,...

more of all inputs (or normal goods) will be purchased.

fewer of all inputs (or normal goods) will be purchased.

less of the input that increased in price and more of the other input will be purchased.

more of the input that went down in price but no more of the other input will be purchased

Reference no: EM131160445

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