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The Daily Recorder is considering charging online readers a flat fee for access to the news on their computers and electronic devices.Which stakeholder should the paper NOT worry about informing?
Substitution Effect
The change in consumption patterns due to a shift in relative prices, leading consumers to replace more expensive items with cheaper alternatives.
Leisure
Free time spent away from business, work, and domestic chores, often used for relaxation, recreation, or hobbies.
Substitution Effect
The effect of a change in the price of a good or service on the demand for that good or service, due to consumers switching to or from substitutes.
Wages
The fixed regular payment, usually calculated on an hourly, daily, or weekly basis, paid by an employer to an employee for work performed.
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