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professor190 [17]
3 years ago
5

Which phrase describes income effect

Social Studies
1 answer:
solmaris [256]3 years ago
6 0

Answer: Income effect refers to the change in an income earned by an individual and with a percentage change upward or downward impacts consumer buying/ purchasing power of it

Explanation: You didn't put the answer choices so ii couldn't tell you exactly which one.

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