Examlex
Which of the following represents the correct ordering (from fastest to slowest) of the average rate of evolution of nonsynonymous substitutions, synonymous substitutions, and pseudogenes?
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.
Relative Prices
The price of one good or service compared to another, often used to indicate the value or cost-effectiveness between different items.
Substitution Effect
Substitution Effect occurs when consumers replace more expensive items with cheaper alternatives in response to changes in relative prices, holding their overall satisfaction constant.
Relative Prices
Relative prices express the price of one good or service in comparison to another, revealing their value relative to each other rather than in absolute monetary terms.
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