Phrases with «substitution effect»

The phrase "substitution effect" refers to the tendency of people to switch from one product to another when there is a change in prices. When the price of a product goes up, people may choose to buy a cheaper alternative or substitute. This effect highlights how changes in prices can influence consumer behavior and choices. Full definition

substitution effect

Sentences with «substitution effect»

He was not alone to focus on the starting point in rates to gauge rate cuts» impact on consumption, for hedge fund manager Eric Lonergan also outlined a case which substitution effect of a fall in the opportunity cost of consumption has diminished in the developed world, and saving preferences of those who save may be very resistant to further declines in real rates: (kekselias.com)
The substitution patterns for each income third with respect to which drinks are substituted are similar to the overall effect, although a trend exists towards larger substitution effects in income third 1 (lowest income)(see supplementary tables A2 - A4). (bmj.com)
For non-concentrated sugar sweetened drinks, relatively large substitution effects (cross price value > 0.10) occur for non-concentrated diet soft drinks, concentrated sugar sweetened drinks, milk, fruit juice, and tea and coffee (table 3 ⇓). (bmj.com)
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Phrases with «substitution effect»

Sentences with «substitution effect»

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