= Substitution model
{wiki=Substitution_model}
The substitution model is a theoretical framework used in various fields, including economics, linguistics, and biology, to analyze how one entity can replace another. Here are three common applications of the substitution model: 1. **Economics**: In economics, the substitution model often refers to consumer behavior regarding the substitution of one good for another. For instance, if the price of coffee increases, consumers might substitute it with tea.
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