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

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1-1 of 1Flashcard sets with a 'substitution effect' term meaning 'when consumers react to an increase in a goods price by consuming less of that good and more other goods'
# Title Terms Date
1economics unit 2 larby Teezer19 termsSeptember 14, 2009
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