#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
A decrease in the price of a good that a consumer purchases leaves her with unspent income (for the same combination of goods). The effect of this additional income on consumption of the good for which the price has decreased is termed the income effect.
If you want to change selection, open document below and click on "Move attachment"
pdf
owner:
iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p57
Summary
| status | not read | | reprioritisations | |
|---|
| last reprioritisation on | | | suggested re-reading day | |
|---|
| started reading on | | | finished reading on | |
|---|
Details