History
History, 18.10.2019 00:10, allsherm23

Which phrase describes the income effect?
a. the effect of demand and supply on income earned by producers
b.
the impact of price on consumers' purchasing ability and decisions
c.
the increased income earned by suppliers because of high prices
d. the impact of consumers' income on the supply of a product

answer
Answers: 1

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Do you know the correct answer?
Which phrase describes the income effect?
a. the effect of demand and supply on income earned...

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