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If two goods are imperfect substitutes, economists can distinguish them as gross substitutes or net substitutes. Good x j {\displaystyle x_{j}} is a gross substitute for good x i {\displaystyle x_{i}} if, when the price of good x i {\displaystyle x_{i}} increases, spending on good x j {\displaystyle x_{j}} increases, as described above.
Macon is a cured and smoked form of mutton. [1] Macon is prepared in a similar manner to bacon, with the meat being either dry cured with large quantities of salt or wet cured with brine and then smoked.
Nutrition (Per tbsp): Calories: 60 Fat: 6 g (Saturated Fat: 2 g) Sodium: 90 mg Carbs: 0 g (Fiber: 0 g, Sugar: 0 g) Protein: 0 g. This brand is probably most synonymous with substitute butter, and ...
A salt substitute, also known as low-sodium salt, is a low-sodium alternative to edible salt (table salt) marketed to reduce the risk of high blood pressure and cardiovascular disease associated with a high intake of sodium chloride [1] while maintaining a similar taste.
The concept of the elasticity of substitution was developed by two different economists, each with their own focus. One of these economists was John Hicks, who defined elasticity of substitution as the change in percentage in the relative number of factors of production used, given a particular change in percentage in relative prices or marginal products.
Quinoa has become, for many, a staple grain in recent years. But its popularity and benefits don’t come without a cost.
Good news for those who are committed to reducing their sugar intake but can’t stomach the taste of unsweetened coffee: Sugar isn’t the only way to satisfy a sweet tooth. The only bad news is ...
A pronoun substitutes a noun or a noun phrase, with or without a determiner: it, this. A prop-word: one, as in "the blue one" A pro-adjective substitutes an adjective or a phrase that functions as an adjective: so as in "It is less so than we had expected." A pro-adverb substitutes an adverb or a phrase that functions as an adverb: how or this way.