substitution effect उदाहरण वाक्य
उदाहरण वाक्य
- Moreover, if fiscally squeezed local governments are forced to increasingly privatize many functions traditionally performed by unionized public employees, this also will create a tremendous substitution effect.
- It said the Bureau of Labor Statistics failed to take quality improvements of products sufficiently into account and also failed to allow for the " substitution effect ."
- For added workers to enter the labor market when earning power decreases, the negative income effect must outweigh the positive substitution effect ( Mincer, p . 68 ).
- Such a comparison generally means that a higher wage entices people to spend more time working for pay; the substitution effect implies a positively sloped labour supply curve.
- He calls it The Substitution Effect, and it shows that a family is going to spend a certain amount on entertainment, whether or not there's an athletic event involved.
- The BLS estimates that failure to adjust for this " substitution effect " could result in a 0 . 1 percent to 0 . 2 percent overstatement in inflation.
- For this reason, the industry suffers from a " substitution effect " _ if times are tough, consumers substitute a less expensive option until the economy picks up again.
- The BLS estimates that failure to adjust for this " substitution effect " could result in an 0 . 1 percent to 0 . 2 percent overstatement in inflation.
- The substitution effect is the change in demands resulting from a price change that alters the slope of the budget constraint but leaves the consumer on the same indifference curve.
- The Hicksian demand function is also downward sloping, but isolates the substitution effect by supposing the consumer is compensated exactly enough to purchase some bundle on the same indifference curve.