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The income effect describes the positive impact on the buying power of income resulting from a decrease in the price of a good.

The income effect describes the positive impact on the buying power of income resulting from a decrease in the price of a good.
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the income effect describes the positive impact on the buying power of income resulting from a decrease in the price of a good.

User Morten Olsen
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Yes,
Income has a positive impact on the buying power and can cause a decrease in prices for the people to afford basic needs.
User Gord Thompson
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