Substitution Effect

Knowledge Center

• About
• Home
• Dictionary
• Encyclopedia
• Question?
• Views

• Register
• Log in
• Help

• Change & Organization
• Communication & Skills
• Decision-making & Valuation
• Ethics & Responsibility
• Finance & Investing
• HRM
• Knowledge & Intangibles
• Leadership
• Marketing
• Program & Project
• Strategy
• Supply Chain & Quality

Description of Substitution Effect. Explanation.

Definition Substitution Effect. Description.

The Substitution Effect is an economic term that refers to the phenomena that people are inclined to switch some of their consumption from similar products BCD to a product A if the price from product A falls.

In other words it is the portion of the effect of price on the demanded quantity that reflects the changed tradeoff between product A and other alternatives BCD.

Substitution Effect Forum Begin a new topic

Substitution Effect Special Interest Group Special Interest Group

Best Practices - Substitution Effect Premium

Expert Tips - Substitution Effect Premium

Resources - Substitution Effect Premium   News Substitution Effect         Videos Substitution Effect         Presentations Substitution Effect         More Substitution Effect

Compare with: Income Effect  |  Marketing Mix  |  Inferior Goods

Return to Management Hub: Marketing

More on Management  |  Return to Management Dictionary  | 

This ends our Substitution Effect summary and forum.