Income effect/Definition: Difference between revisions

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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.)
 
imported>John Dvorak
(No difference)

Revision as of 17:54, 22 May 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.