The income effect of a price change of e-Books is the effect on consumption changes due to a change in:
A.income when all prices change in the same proportion.
B.purchasing power caused by a change in the price of the good.
C.income caused by a change in the price of labor.
D.income sufficient to offset the effect of a price change.

Question

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The Answer of The income effect of a price change of e-Books is the effect on consumption changes due to a change in:
A.income when all prices change in the same proportion.
B.purchasing power caused by a change in the price of the good.
C.income caused by a change in the price of labor.
D.income sufficient to offset the effect of a price change.

The Income Effect of a Price Change of E-Books Is