Sentence examples for substitute good from inspiring English sources
The phrase "substitute good" is not correct in standard written English.
It seems to be a misinterpretation or truncation of "substitute goods," which refers to products that can replace each other in consumption. Example: "When the price of coffee rises, many consumers may turn to tea as a substitute good."
The same works with "spam" and you can also substitute "good" and "bad" for plus and minus, as well bulk rate people by including multiple names in these tweets.
This measure of elasticity is sometimes referred to as the own-price elasticity of demand for a good, i.e., the elasticity of demand with respect to the good's own price, in order to distinguish it from the elasticity of demand for that good with respect to the change in the price of some other good, i.e., a complementary or substitute good.
All of the "cool" gear will never substitute good riding.
A complement good is one in which demand increases as a function of the availability of a related good; in contrast, a substitute good is one in which use decreases with increased availability of a related good (Nicholson, 1998).
However, from economics theory gasoline consumption might be highly dependent on other factors such as consumer price index, total energy expenditure, and the city-gate real gas price as a substitute good that affects consumer's gasoline consumption behaviour.
Results from the third regime can be explained that there is an incentive to increase Korean beef price as corn price increases, and the incentive cannot be canceled out in this regime due to increasing price in substitute good (Australian beef).
Only rapid government action to substitute goods currently imported with domestically produced goods will do the trick.
To me, the main worry is American inattention and impatience, and perhaps our habit of substituting good intentions for real understanding.
However these accounts still assume that the financial remittances sent by migrants are used for substituting goods provided by political actors or the state.
He estimated they supply and demand for flaxseed and used prices of substituted goods as instrumental variables for demand, and yield per acre as instruments for supply.
Such conditions include the number of consumers in the market, consumer tastes or preferences, prices of substitute goods, consumer price expectations, and personal income.
