"effect" in inglés with examples - Collocation dictionary inglés
- However, this price changes due to both the income effect and the substitution effect.
- The book decomposes the change into the substitution effect and the income effect.
- This standard economic theory refers to what is called the 'substitution effect'.
- It predicts precisely the opposite human response to the substitution effect - higher taxes increase incentives to work.
- Some workers did, however, appear to respond as the substitution effect predicted.
- "Time will tell whether this substitution effect is an attribute of early adopters or a mainstream behavior."
- At some point, however, the substitution effect associated with taxes makes the opportunity cost of leisure less.
- The substitution effect is the effect observed with changes in relative price of goods.
- The substitution effect increases the amount demanded of good from to .
- The author also points out that this conclusion does not calculate for a substitution effect.
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