Sign In
Ask Question
SAT
Aiden Herman
25 June, 06:46
Which phrase describes the substitution effect?
+5
Answers (
1
)
Kiara Preston
25 June, 10:28
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?
Get an answer to your question ✅
“Which phrase describes the substitution effect? ...”
in 📙 SAT if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If x is between a and b, what would the inequality look like
Answers (1)
The difference of a positive integer and its inverse is 15/4. Find the integer.
Answers (1)
a european sailor living in the mid 1400s who wanted to learn more about exploration would most likely go
Answers (1)
In a recent poll of 1000 adults, 55% of the respondents said that the use of marijuana should not be made legal. In the same poll, 20% of the respondents said that the use of marijuana for medical purposes should not be legal
Answers (1)
Select the correct answer. What statement describes a key difference between the ACT and the SAT? The SAT is a requirement for colleges on the East Coast, while colleges on the West Coast use the ACT score in their admissions process.
Answers (1)
New Questions in SAT
Which of the following best represents the concept of recycling? a) drinking coffee from a biodegradable cup b) bringing lunch to work in a metal lunch pail c) heating up leftovers in a bio plastic container d) shaving multiple times with a
Answers (1)
Report your scores and conclusions from "When in doubt ... guess." You should give 2 scores in fractional form and your conclusions for full credit.
Answers (1)
Which technique was used in the baroque period to create contrast by shifting suddenly from loud to soft or soft to loud dynamics?
Answers (1)
What does slhs stand for
Answers (1)
Below are the weights of a sample of orange M and M's 0.903 0.92 0.861 1.009 0.971 0.898 0.942 0.897 Find the range Sample standard deviation
Answers (1)
Home
»
SAT
» Which phrase describes the substitution effect?
Sign In
Sign Up
Forgot Password?