income effect
incomeeffectsincreasedemandincomeeffectsincreasedemandwhenown-price...theincomeeffectmaybelargerintheincomeeffectmaybelargerinsize ...,TheIncomeEffectistheeffectduetothechangeinrealincome.For...IncomeEffectequalsthetotaleffectofthepricechange.Alt...
What Is the Income Effect? Its Meaning and Example
- intertemporal substitution effect 中文
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- substitute a for b
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Theincomeeffectisthechangeindemandforagoodorservicecausedbyachangeinaconsumer'spurchasingpower,duetoachangeinrealincome.
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