Sentence examples for substitution effect from inspiring English sources

A significant factor in obtaining the material substitution effect will be substituting non-wooden buildings with wooden ones.

If no close substitutes are available, the substitution effect will be small and the demand inelastic.

"We were too optimistic about the substitution effect," he conceded yesterday.

One has to do with what economists call the "substitution effect".

In this particular case, what economists call the "substitution effect" may be in operation.

By adopting this strategically limited definition of development, these owners and their supporters fail to take into consideration what sports economists call the "substitution effect".

People from the rest of the EU grabbed a majority of the jobs, but the substitution effect with UK nationals was only at the margins.

If this "income" effect outweighs the substitution effect, people will work less hard and pay less tax.

The two main behavioral responses to higher tax rates are the income effect and the substitution effect.

Labor is not as mobile as financial capital, and the income effect helps offset the substitution effect.

The substitution effect among sources is noticeable.