As someone's income rises,eventually their

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The income effect describes how an increase in someone's income affects their purchasing behavior, typically leading them to buy more of a good. The substitution effect occurs when a person changes their consumption of goods in response to changes in relative prices, substituting cheaper goods for more expensive ones. As income rises, the income effect often outweighs the substitution effect because the individual can afford to buy more goods overall, regardless of relative price changes.

As Someone's Income Rises,eventually Their