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单词 substitution effect
释义

substitution effect

From Longman Business DictionaryRelated topics: Economicssubstitution effectsubstiˈtution efˌfect [singular] ECONOMICS the effect on customers’ behaviour when the price or value of something changes. For example, if the price of a product rises in relation to other similar products, some customers may replace it with the cheaper product effect
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更新时间:2024/11/10 15:29:57