Home/ Questions/Q 26558
Next
In Process

Quizzma Latest Questions

In:

The income effect measures

Quizzma Team

The income effect measures

  • how people’s choices change when they have more income.
  • how people’s choices change when they have to work more.
  • the impact of change in relative prices.
  • the change in welfare when income rises.



Share
    Leave an answer

    Leave an answer

    Browse

    1 Answer

    1. Anonymous

      The income effect measures how people’s choices change when they have more income.

    Related Questions