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OpenStudy (haley):

the income effect of a price change refers to the impact of a change in a) income on the price of a good b) demand when the income changes c) the quantity demanded when income changes d) the price of a good on a consumer's purchasing power

OpenStudy (anonymous):

d The income effect is the phenomenon observed through changes in purchasing power. It reveals the change in quantity demanded brought by a change in real income (utility).

OpenStudy (anonymous):

D.

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