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. :)
Answer:
The 40th parallel north is a circle of latitude that is 40 degrees north of the earths equatorial plane.It crosses through Europe,Asia,The Pacific Ocean,North America and the Atlantic Ocean.
Explanation: