what is incone effect ?
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In economics and particularly in consumer choice theory, the income-consumption curve is a curve in a graph in which the quantities of two goods are plotted on the two axes; the curve is the locus of points showing the consumption bundles chosen at each of various levels of income.
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In economics and particularly in consumer choice theory, the income-comsuption curve is a curve in a graph in which the quantities of two goods are plotted on the two axes ; the curve is the locus of points showing the consumption bundels chosen at each of various levels of income .
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