Sign In
Ask Question
Saniyah Potts
SAT
27 July, 17:03
Which phrase describes the substitution effect?
+2
Answers (
1
)
Laylah Weeks
27 July, 17:06
0
When the price of goods is increased and the consumers income stays constant they may begin to look for a similar item at a lower price to stay in budget and maintain their way of life. The substitution effect will always a negative one on the consumers end because the demand for the item does not change so it forces people to look elsewhere for an item they may have routinely used before. Thus, the correct answer is buying cheaper alternatives when a product becomes expensive.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“Which phrase describes the substitution effect? ...”
in 📗 SAT if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
2. You have a bowl full of candy with lemon, strawberry, cherry, orange, and grape candies. You want to give 3 pieces of candy to your friend. How many possible combinations of flavors can be chosen? Repetition of flavors is allowed.
Answers (1)
How does tv advertising promote food products?
Answers (1)
Kirk noticed that the mother looked frustrated. Frustrated means about the same as
Answers (1)
What is the minimum requirements to enroll in an open college?
Answers (1)
Who were the "Saints?"
Answers (2)
New Questions in SAT
If x and a are positive rational numbers such that x^2a=3, then x^6a=?
Answers (1)
8. Together, what do the divisions of the DHSMV do? A. Make sure lines are long B. Use more money than other government organizations C. Keep Florida highways safe D. None of the above
Answers (1)
comin up with as many ideas as possible without judging whether or not the ideas are feasible is called
Answers (2)
Which of the following will cause an increase in the quantity supply for apples.
Answers (1)
What is the voltage produced by a standard lithium cell?
Answers (2)
Home
»
SAT
» Which phrase describes the substitution effect?
Sign In
Sign Up
Forgot Password?