granthillenbrand777 granthillenbrand777
  • 18-05-2020
  • Social Studies
contestada

which phrase describes income effect

Respuesta :

boosmith2019 boosmith2019
  • 18-05-2020

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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xmc2221 xmc2221
  • 12-02-2021

Answer:

the impact of price on consumers’ purchasing ability and decisions

Explanation:

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

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