Substitution effect
From Citizendium - Reading time: 1 min
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. [e]
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.
Licensed under CC BY-SA 3.0 | Source: https://citizendium.org/wiki/Substitution_effect17 views | Status: cached on November 23 2025 21:56:59↧ Download this article as ZWI file
EncycloReader
is supported by the 
KSF