What is the income effect of an increase in the price of backpacks (a normal good)?

Question

Quizplus · Accepted Answer

An increase in the price of backpacks will lead to a decrease in the real income of consumers, as they are now spending more on the same quantity of backpacks. This decrease in real income will lead to a decrease in the quantity demanded of backpacks, as consumers will have less purchasing power to spend on other goods and services. However, the overall demand for backpacks may not necessarily change.

What Is the Income Effect of an Increase in the Price