| 单词 | income effect |
| 释义 | income effect From Longman Business DictionaryEconomicsincome effectˈincome efˌfect [singular]ECONOMICS the effect that a change in prices, taxes, or wages has on people’s income, or people’s behaviour in reaction to this effectInitially, the income effect of the taxes makes the individual ‘buy’ less of all normal goods including leisure. → effect |
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