The substitution effect of a change in the price of cauliflower is the portion of the change in the quantity of cauliflower demanded that can be attributed to the change in the price of a substitute vegetable such as asparagus.

Question

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The substitution effect refers to the change in quantity demanded of a good due to a change in its own price, making it more or less attractive relative to other goods, not due to the change in the price of a substitute.

The Substitution Effect of a Change in the Price of Cauliflower