Income effect/Definition: Difference between revisions

From Citizendium
Jump to navigation Jump to search
imported>Nick Gardner
(New page: The tendency of the demand for a product to change in response to a change in its price because the price change has the effect of changing the consumer's income.)
(No difference)

Revision as of 08:46, 25 April 2008

The tendency of the demand for a product to change in response to a change in its price because the price change has the effect of changing the consumer's income.