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. :)
On the one hand, yes, it helps the customer to purchase exactly what they want
On the other hand, no- some argue that it has gone too far and infringes on civil liberties
Hello There!
<span>John and Monique are married. Both of their parents live with them, as does john's sister and brother-in-law and some nieces and nephews. This is known as a kinship network.</span>
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Good Luck :)
- Hannah ❤
In most urban areas, it is very common that there is a lot of pollution as a result of all the cars and pollutant producing things like vehicles. Thus making it quite a problem as it can have many health implications (if on a large scaled (see cities like China where people have had to wear masks to prevent any toxication)). Pollution also contributes to global warming which is an ongoing issue that affects the entire world.
<span>There has been so many explanations for the great depression which began in the United States and swept across other industrialised countries; but a major fall in stock price seems to be the one single explanation that has stood the test of time. In the 1920s the U.S. stock market experienced a rapid expansion, reaching its zenith in August 1929. Stock prices began to decline in September and early October, but the fall began Oct. 18. Panic set in, and on October 24, a record 12,894,650 shares were traded. Investment companies and leading bankers attempted to stabilize the market by purchasing great blocks of stock; they were trying to mitigate the steep decline. However, on Monday, the storm broke loose, and the market went into a free fall. The great depression was the longest, deepest, and most widespread depression of the 20th century.</span>
