Economy, asked by neeljariwala10, 2 months ago

What is Different between price and income.

Answers

Answered by Anonymous

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.

Answered by Itsanshita

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.

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