Explanation:
The income effect is the impact that a change in the price of a product has on a consumer's real income and consequently on the quantity demanded of that good.
A stock dividend is a dividend payment made in the form of additional shares rather than a cash payout. Companies may decide to distribute this type of dividend to shareholders of record if the company's availability of liquid cash is in short supply.
William Shakespeare lived more than 400 years ago during a period of English history known as The Elizabethan Age, named after Queen Elizabeth l
