The EzyEducation website uses cookies to help ensure we give you the best experience.
If you continue without changing your settings, we assume that you are happy to receive all cookies on the EzyEducation website.
Please refer to our Privacy and Cookies Statement to

find out more.

Continue

Substitution effect

When the demand for a good changes after a price change because any substitute good will become more or less attractive if their price does not change by as much.
Forgot your password?