Flashcard sets with a 'substitution effect' term meaning 'the change in demand for a good that is attributable to consumers substituting a product whose price has fallen due to the fact it is now relatively inexpensive compared to other goods'

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1-1 of 1Flashcard sets with a 'substitution effect' term meaning 'the change in demand for a good that is attributable to consumers substituting a product whose price has fallen due to the fact it is now relatively inexpensive compared to other goods'
# Title Terms Date
1Supply and Demandby guamdre33 termsJune 5, 2009
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