3 years ago

What's an example of the substitution effect?

1 answer:

max2010maxim [7]3 years ago

7 0

Answer:

A very common example of the substitution effect at work is when the price of chicken or red meat rises suddenly. For instance, when the price of steak and other red meat increases over the short-term, many people eat more chicken.

Explanation:

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What's an example of the substitution effect?​

What's an example of the substitution effect?