Flashcard sets with a 'substitution effect' term meaning 'when consumers react to an increase in a good's price by consuming less of that good and more of other goods.'

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1-2 of 2Flashcard sets with a 'substitution effect' term meaning 'when consumers react to an increase in a good's price by consuming less of that good and more of other goods.'
# Title Terms Date
1economics ch. 4by LukeGardner17 termsFebruary 11, 2009
2chapter 4by LukeGardner17 termsFebruary 11, 2009
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