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Microeconomics
Microeconomics is the branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households.
selymi|Points 18093|
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Asked 12/20/2014 11:00:36 AM
Updated 12/21/2014 12:46:03 PM
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This answer has been confirmed as correct and helpful.
Edited by yumdrea [12/21/2014 12:46:01 PM], Confirmed by yumdrea [12/21/2014 12:46:03 PM]
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Income effect
Weegy: The income effect is the change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service. (More)
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Updated 12/20/2014 12:18:46 PM
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