select the correct answer. which phrase describes the income effect? a. the effect of demand and supply on…

select the correct answer. which phrase describes the income effect? a. the effect of demand and supply on income earned by producers b. the impact of price on consumers’ purchasing ability and decisions c. the increased income earned by suppliers because of high prices d. the impact of consumers’ income on the supply of a product

select the correct answer. which phrase describes the income effect? a. the effect of demand and supply on income earned by producers b. the impact of price on consumers’ purchasing ability and decisions c. the increased income earned by suppliers because of high prices d. the impact of consumers’ income on the supply of a product

Answer

Answer:

B. the impact of price on consumers’ purchasing ability and decisions

Brief Explanations:

El efecto de ingresos se refiere a cómo el cambio en el precio de un bien afecta la capacidad de compra de los consumidores y sus decisiones de compra. Cuando el precio de un bien disminuye, la capacidad de compra real de los consumidores aumenta, lo que puede llevar a un aumento en la demanda. Lo contrario ocurre cuando el precio aumenta.