Substitution effect/Definition: Difference between revisions
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imported>Nick Gardner (New page: 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.) |
imported>John Dvorak m (Template:Def Substitution effect moved to Substitution effect/Definition: Moving_definition) |
(No difference)
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Revision as of 20:22, 22 May 2008
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.