The switching from old gas guzzlers to more fuel-efficient cars is an example of substitution effect.
Substitution effect is the switching of customer from a more expensive product to a cheaper product. This is usually because of an increase in price or a decrease in the customers income.
Substitution effect can be positive for consumers if they can continue to by the products they like. Also, this effect can be negative for consumers if it results in fewer choices of that product or products of lower quality.
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Answer:
<h3>Disadvantage</h3>
It changes the cultural standards of the neighborhood. ...
Gentrification can sometimes make a community poorer. ...
It raises the cost of rent when it happens. ...
Gentrification replaces the people who built the community. ...
It causes the rich to get richer, while the poor may or may not benefit.
<h3>Advantage </h3>
On the positive side, gentrification often leads to commercial development, improved economic opportunity, lower crime rates, and an increase in property values, which benefits existing homeowners.
Explanation:
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Answer:
two characters: speaker and the neighbor
Explanation:
This is true.........................................................................
