income effect वाक्य
"income effect" हिंदी में income effect in a sentenceउदाहरण वाक्य
- Income effects were ruled out by giving one third of the participants mugs, one third chocolates, and one third neither mug nor chocolate.
- At the same time, the price reduction increases consumer purchasing power, known as the income effect ( an outward shift of the budget constraint ).
- Where the supply curve is sloping upwards to the right ( showing a positive wage elasticity ), the substitution effect is greater than the income effect.
- The added worker effect results when the income effect dominates the substitution effect in an individual's decision whether or not to participate in the labor market.
- In basic microeconomics consumer theory, this will then lead to an income effect : consumers buy less in general ( inwards shift of the budget line ).
- In normal situations, as the price of a resource increases, the income effect dominates, leading people to buy more of the good, even as its price rises.
- Female income effects from migration will only kick in if there are sufficient differences between males and females too, so long term changes will likely not happen quickly.
- For added workers to enter the labor market when earning power decreases, the negative income effect must outweigh the positive substitution effect ( Mincer, p . 68 ).
- "What really remains to be seen is what the income effect is going to be " in Southeast Asia and South Korea, said Keith Collins, USDA's chief economist.
- The effect of the relative price change is called the " substitution effect ", while the effect due to income having been freed up is called the " income effect ".