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In the past, Jaleel's vacation time has been spent at home catching a few local attractions when she could afford them. This year, she received a big bonus at work and has decided to finally take the trip to Europe that she has always dreamed about. Jaleel's purchasing behavior has changed due to _________.

1 Answer

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Answer:

The answer is the income effect.

Step-by-step explanation:

The income effect is the change in demand for a good or service caused by a change in a consumer's purchasing power resulting from a change in a real income.

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