Question

prove is price effect sum total of income or . effect.​

Answer 1

Answer:

Income and price both have an effect on demand. The income effect looks at how changing consumer incomes influence demand. The price effect analyzes how changes in price affect demand.

Explanation:

P>MC for an oligopoly, the output effect is that selling one more unit at the sales price will increase profit. The price effect is that an increase in production will increase the total amount sold, which will decrease the price and decrease the profit on all other units sold.

Answer 2

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