Substitution Effect

Knowledge Center





Summary, forum, best practices, expert tips and resources.

 

What is the Substitution Effect? Meaning.


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.


Special Interest Group - Substitution Effect


Special Interest Group (2 members)


Forum - Substitution Effect  

Discussions about Substitution Effect.




Best Practices - Substitution Effect

Here you find the most valuable discussions from the past.



Expert Tips - Substitution Effect

Here you will find advices by experts.



Resources - Substitution Effect

Here you find powerpoint presentations, micro-learning videos and further information sources.



Compare with: Income Effect  |  Marketing Mix  |  Inferior Goods

Special Interest Group Leader

You here? Sign up for free


 
 

Return to Management Hub: Marketing


More on Management  |  Return to Management Dictionary  | 

 

This ends our Substitution Effect summary and forum.



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.3 - Last updated: 27-1-2020. All names of their owners.