An income effect comes about because a price reduction of one product increases a consumers real income.

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An income effect comes about because a price reduction of one product increases a consumers real income.

An income effect comes about because a price reduction of one product increases a consumers real income.

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▸ false

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Microeconomics: Principles, Applications, and Tools

Edition: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 127 times

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