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Flashcard sets with a 'substitution effect' term meaning 'the effect of a change in the price of a good or service on the amount purchased which results from the consumer substituting a relatively less expensive alternative.'
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Flashcard sets with a 'substitution effect' term meaning 'the effect of a change in the price of a good or service on the amount purchased which results from the consumer substituting a relatively less expensive alternative.'
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Title
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Date
1
Final
by
Blastoise
44 terms
June 2, 2009
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