Answer: Income effect refers to the change in an income earned by an individual and with a percentage change upward or downward impacts consumer buying/ purchasing power of it
Explanation: You didn't put the answer choices so ii couldn't tell you exactly which one.
Answer:
the impact of price on consumers’ purchasing ability and decisions
Step-by-step explanation:
it's on plato and trust me I got it right :)
5.7m questions
7.4m answers