substitution effect

Some workers did, however, appear to respond as the substitution effect predicted.

Both income and substitution effects will then be substantial in magnitude.

The author also points out that this conclusion does not calculate for a substitution effect.

At some point, however, the substitution effect associated with taxes makes the opportunity cost of leisure less.

However, this price changes due to both the income effect and the substitution effect.

The substitution effect increases the amount demanded of good from to .

This in turn gives rise to two conflicting tendencies of income and substitution effects.

The income and substitution effects roughly offset each other.

The relative strengths of the income and substitution effects dictate the outcome.

This tends to cause workers to supply more labour (the "substitution effect").

"Time will tell whether this substitution effect is an attribute of early adopters or a mainstream behavior."

The substitution effect is the effect observed with changes in relative price of goods.

This standard economic theory refers to what is called the 'substitution effect'.

The book decomposes the change into the substitution effect and the income effect.

It predicts precisely the opposite human response to the substitution effect - higher taxes increase incentives to work.

It is possible, as shown, for the output effect to outweigh the substitution effect.

The income and substitution effects are important concepts in the consumer choice theory of microeconomics.

The curves are convex to the origin, describing the negative substitution effect.

This is known as the substitution effect.

Changes in tax rates generate income and substitution effects by altering the slope of the segments.

As the price of a commodity falls, consumers move toward it from relatively more expensive goods (the substitution effect).

Whether the magnitude of the income and substitution effects will be the same for indirect as for direct taxes is quite another matter.

Even the Zero Substitution Effect only applied to later versions of her father's drug.

There is also a substitution effect.

The reduced price will alter relative prices in favour of commodity X, known as the substitution effect.