Flashcard sets with a 'substitution effect' term meaning 'at a lower price, buyers have the incentive to substitute what is now a less expensive product for similar products that are now relatively more expensive ("better deal")'

SEARCH

See other definitions of term:substitution effect

SORT

Most Studied Most Recent Alphabetical
1-2 of 2Flashcard sets with a 'substitution effect' term meaning 'at a lower price, buyers have the incentive to substitute what is now a less expensive product for similar products that are now relatively more expensive ("better deal")'
# Title Terms Date
1Ch. 3 Economicsby lknight259131 termsSeptember 15, 2008
2ch 3by wfarrkh19 termsSeptember 14, 2008
Get rid of ads on Quizlet
Groups 0Definitions 0

No groups found.

No definitions found.