Register
the income effect describes the positive impact on the buying power of income resulting from a decrease in the price of a good.
214k views
0 votes
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
by
7.8k points

1 Answer

4 votes
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
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.2m questions

11.9m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!