| 词汇 | substitution-effect |
| 语种 | 英语、汉语、英汉翻译、汉英翻译 |
| 释义 | substitution effect noun[ S ] ECONOMICS, COMMERCEukus the effect of a change in the price of a product or service, which encourages customers to buy another product or use another service instead Examples of substitution effectsubstitution effect Some economists predict that a substitutioneffect will spur demand for alternate energy sources, such as coal or liquefied natural gas. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. To measure the effect, the income elasticity of the good being taxed as well as the income substitutioneffect must be considered. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Normally, as the price of goods rises, the substitutioneffect makes consumers purchase less of it, and more of substitute goods. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. This tends to cause workers to supply more labour (the substitutioneffect). From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The fundamental theorem of demand states that the rate of consumption falls as the price of the good rises; this is called the "substitutioneffect". From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. As the price of a commodity falls, consumers move toward it from relatively more expensive goods (the substitutioneffect). From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. There is also a substitutioneffect. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The seventh term, 2/( )p, is the negative substitutioneffect of consumption in youth for environmental maintenance. This is a standard static substitutioneffect (our label differentiates this static effect from its dynamic counterpart introduced shortly). Contrary to static substitution effects, these two labors are adjusted in the opposite directions, and this dynamic substitutioneffect counteracts consumption smoothing effects. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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