Substitution EffectSubstitution Response, Relative-Price Effect
The change in quantity of a good consumed that results purely from a change in its relative price, holding purchasing power constant.
Terms for estimating the financial consequences of adopting a new intervention within a specific budget.
The change in quantity of a good consumed that results purely from a change in its relative price, holding purchasing power constant.
The group identified as the intended recipients of a treatment or intervention, based on clinical, demographic, or policy criteria.
The subset of an eligible or target population who actually receive a given treatment within a specified period.
The proportion of an eligible population that adopts a new treatment or technology over a given period.