For normal goods like cola and pizza, what is a likely result of the substitution effect when the price of pizza rises?

Question

Answer

None of the above.

Answer

Cola becomes relatively more expensive, so the consumer buys more cola.

Answer

Cola becomes relatively more expensive, so the consumer buys less cola.

Answer

Cola becomes relatively less expensive, so the consumer buys more cola.

Answer

Cola becomes relatively less expensive, so the consumer buys less cola.

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