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pucedog162Lv1
6 Oct 2020
The income effect refers to a change in
a. income because of changes in the CPI.
b. the quantity demanded of a good because of a change in the buyer’s real income.
c. the quantity demanded of a good because of a change in the buyer’s money income.
d. None of the above.
The income effect refers to a change in
a. income because of changes in the CPI.
b. the quantity demanded of a good because of a change in the buyer’s real income.
c. the quantity demanded of a good because of a change in the buyer’s money income.
d. None of the above.
Akhila KumaranLv4
25 Oct 2020