bucherjames78 bucherjames78
  • 10-11-2018
  • Social Studies
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What phrase describes the income effect

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bailey5046
bailey5046 bailey5046
  • 10-11-2018
The income effect is the change in the demand of the goods and services as an result of the change of the The increased voluntary income of the consumer. Hense, the best option that describes the income effect is;The increased income earned by suppliers because of high prices. :)
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