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Mandarinka [93]
3 years ago
12

The income effect of a price change predicts that a _____ in a good's price will _____ consumer purchasing power, leading to a(n

) _____ in consumption of _____ goods.
Business
1 answer:
NemiM [27]3 years ago
5 0

I will fill in the right answers into the blank:

The income effect of a price change predicts that a fall in a good's price will increase consumer purchasing power, leading to a(n) increase in consumption of normal goods.

 

Asnwers:

fall; increase; increase; normal

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