Economy, asked by SasankReddy7252, 11 months ago

Explain 'spread effect ' of myrdal with examples. ​

Answers

Answered by Anonymous
0

Explanation:

Key Differences Between Income Effect and Substitution Effect. ... Unlike, substitution effect which is depicted by movement along price-consumption curve, which have a negative slope. The income effect is a result of income being freed up whereas substitution effect arises due to relative changes in prices.

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