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ozzi
3 years ago
15

What phrase describes the income effect

Social Studies
1 answer:
egoroff_w [7]3 years ago
8 0
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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