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| income effect definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | the change in consumption resulting from a change in real income | 21 sets | |
| 2 | a change in the quantity demanded of a product that results from the change in real income (purchasing power) caused by a change in the product's price. | 5 sets | |
| 3 | change in consumption resulting from a change in real income | 5 sets | |
| 4 | that portion of change in quantity demanded caused by a change in consumer's real income when the price of product changes | 3 sets | |
| 5 | the change in the quantity demanded of a good that results from the effect of a change in the good's price on consumers' purchasing power. | 3 sets | |
| 6 | a lower price increases the purchasing power of a buyer's income | 2 sets | |
| 7 | the change in quantity demanded of a good that results because a change in the price of a good changes the buyer's purchasing power | 2 sets | |
| 8 | the quantity demanded changes because a change in the price of the good changes the real income of the demander | 2 sets | |
| 9 | the change in quantity demanded because of a change in price that alters consumers' real income | 2 sets | |
| 10 | the impact that a change in the price of a product has on a consumer's real income and consequently on the quantity demanded of that good | 2 sets | |
| 11 | the change in the comsumption resulting from a change in real income | 2 sets | |
| 12 | change in comsumption when real income changes | 2 sets | |
| 13 | any increase or decrease in consumer's purchasing power caused by a change in price | 2 sets | |
| 14 | the change in consumption resulting from change in real income | 2 sets | |
| 15 | the change in quantity demanded of a good that occurs because a change in the price of the good changes the real income of the person who purchases it | 2 sets | |
| 16 | a lower price increases the purchasing power of a buyer’s income | 2 sets | |
| 17 | that portion of a chnage in quantity dermanded caused by a change in a consumer's real income when the price of a product changes | 1 set | |
| 18 | the reduction in quanitity demanded because price increases make us poorer. | 1 set | |
| 19 | if you have a change in price it will change your buying power (2) if you have a change in your money it will also change your buying power | 1 set | |
| 20 | an increase or decrease in our purchasing power caused by a change in price | 1 set | |
| 21 | the price of a good affects the amount of a good or service a consumer is willing and able to purchase | 1 set | |
| 22 | as people make more money, there are some products they tend to buy more than others | 1 set | |
| 23 | the change in consumption that results when a price increase causes real income to decline | 1 set | |
| 24 | lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of a product than before | 1 set | |
| 25 | that portion of a change in quantity emande caused by a change in a consumer's real income when the price of a product changes | 1 set | |
| 26 | this is the increase or decrease in purchasing power brought on by changes in prices. | 1 set | |
| 27 | the movement from one indifference curve to another that results from the change in real income caused by a price change. | 1 set | |
| 28 | due to a higher price, the change in quantity demanded that results from a change in the consumer's purchasing power (or real income) | 1 set | |
| 29 | as one's income increases, demand increases | 1 set | |
| 30 | that part of an increase (decrease) in amount consumed that is the result of the consumer's real income being expanded (contracted) by a reduction (rise) in the price of a good. | 1 set | |
| 31 | extent which change in price affects the amount of goods a person can purchases in relation to their income | 1 set | |
| 32 | effect of a change in price on quantity demanded due to the change in "real" (effective) income from price fluctuations (buy more with when price drops, less when price rises) | 1 set | |
| 33 | the change in consumption that results when a price change moves the consumer to a higher or lower indifference curve | 1 set | |
| 34 | the effect of a change in price on the quantity demanded of a given good because the real income has risen | 1 set | |
| 35 | the effect that a change in an item's price has on consumers' ability to purchase goods | 1 set | |
| 36 | when a person changes due to a change in income | 1 set | |
| 37 | the change in demand for a product that results from a change in consumer real income that is the result of a change in the price of a product | 1 set | |
| 38 | the change in quantity of a good demanded due to the effect of the price change on real income | 1 set | |
| 39 | when a person changes his/her consumption of goods and services as a result of a change in real income | 1 set | |
| 40 | when rising prices cause people to buy less of a product rather than substituting another product | 1 set | |