HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PLZ!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ITS MULTI ANSWER CHOSE!!!!!!!!!!!!!!!!!!!!
what phrase describes the substitution effect?

buying cheaper alternatives when a product becomes expensive

replacing existing producers in a market with new producers

replacing existing prducts in a market with higher quality products

substituting existing technology with a new technology to produce more goods
copying