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Which phrase describes income effect

asked
User Nouiz
by
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2 Answers

2 votes

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.

answered
User Rbennell
by
8.6k points
6 votes

Answer:

the impact of price on consumers’ purchasing ability and decisions

Step-by-step explanation:

it's on plato and trust me I got it right :)

answered
User David Saltares
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7.7k points

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