- substitution effect
noun (common) (futsuumeishi)
Forms
Generated definitions (experimental)
- substitution effect
This term refers to the change in consumption patterns that occurs when a price change makes one good more or less attractive relative to other goods, leading consumers to substitute one product for another.
When the price of a product rises, consumers may increase their purchases of cheaper alternatives due to the substitution effect.
The substitution effect can lead to cheaper options gaining popularity.
Generated collocations (experimental)
だいたいこうか代替効果をこうりょ考慮するto consider the substitution effectだいたいこうか代替効果のぶんせき分析analysis of the substitution effectだいたいこうか代替効果をそくてい測定するto measure the substitution effectだいたいこうか代替効果のりろん理論theory of substitution effectだいたいこうか代替効果のえいきょう影響impact of the substitution effectだいたいこうか代替効果とじゅよう需要substitution effect and demandだいたいこうか代替効果にかんする関するけんきゅう研究research on the substitution effectじっさい実際のだいたいこうか代替効果actual substitution effectだいたいこうか代替効果をひょうか評価するto evaluate the substitution effectだいたいこうか代替効果のりかい理解understanding of the substitution effect
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