In the past, Jaleel's vacation time has been spent at home catching a few local attractions when she could afford them. This yea

Question

3 years ago

11

In the past, Jaleel's vacation time has been spent at home catching a few local attractions when she could afford them. This yea

r, she received a big bonus at work and has decided to finally take the trip to Europe that she has always dreamed about. Jaleel's purchasing behavior has changed due to _________.

Health

1 answer:

nignag [31] · Answer 1 · 2021-12-18T22:19:02+03:00

nignag [31]3 years ago

6 0

Answer:

The answer is the income effect.

Explanation:

The income effect is the change in demand for a good or service caused by a change in a consumer's purchasing power resulting from a change in a real income.