Answer:
The Income Effect states that if a change in prices causes consumers to have lower real incomes, then consumers would demand a lesser quantity of goods than normal.
Explanation:
In microeconomics, it is understood as the income effect one of the effects caused by the variation in the price of a product on its demand.
The income effect corresponds to the variation in the quantity demanded of a good (or service) as a result of the modification of the purchasing power caused by a change in the price of the good in question. When the price of a good changes, the purchasing power changes. If the price of the good falls, the purchasing power increases as the consumer can consume more units of that good or other goods. If the price of a good increases, its purchasing power falls since now its income reaches it for less units of the good while it has less resources to buy the other goods
Answer:
Mr. Frank's rules illustrate the truth about the dangerous situation the members of the annex face. Any detection of their presence in the annex would lead to the arrest and death of each of the members. "While the men are in the building below, we must have complete quiet.
Explanation:
Answer:
Explanation:
Karl Marx is a philosopher, he became famous for his philosophies on communism and capitalism.
A- they enriched the soil and helped farmers grow supplies surpluses.
The river enriched the soil, which made Meso a suitable place for farming
