Resource title

Substitution effect

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image for OpenScout resource :: Substitution effect

Resource description

The effect of a change in the price of a good on the demand for another that is a substitute: having positive cross price elasticities of demand. …

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Resource language

en

Resource content type

text/html

Resource resource URL

http://moneyterms.co.uk/substitution-effect/

Resource license

Every use of a glossary entry must have a clearly legible link back to the full article on moneyterms.co.uk. See http://moneyterms.co.uk/about/content/terms/