Substitution effect/Definition: Difference between revisions
Jump to navigation
Jump to search
imported>John Dvorak m (Template:Def Substitution effect moved to Substitution effect/Definition: Moving_definition) |
imported>Chris Day No edit summary |
||
| Line 1: | Line 1: | ||
<noinclude>{{subpages}}</noinclude> | |||
The tendency of consumers to switch spending to or from a product in response to a change in its price relative to that of a substitute. | The tendency of consumers to switch spending to or from a product in response to a change in its price relative to that of a substitute. | ||
Latest revision as of 23:30, 22 May 2008
This article contains just a definition and optionally other subpages (such as a list of related articles), but no metadata. Create the metadata page if you want to expand this into a full article.
Substitution effect [r]: The tendency of consumers to switch spending to or from a product in response to a change in its price relative to that of a substitute.