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The Substitution Effect is an economic effect which occurs when the price of a good decreases, such that people begin to buy that good instead of its [[substitute]].  For example, if the price of orange juice decreases, you may buy it instead of milk which you used to drink.
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The Substitution Effect is an economic effect which occurs when the price of a [[good]] decreases, such that people begin to buy that good instead of its [[substitute]].  For example, if the price of orange juice decreases, you may buy it instead of milk which you used to drink.
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[[Category:Economics]]
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