Investing NewsIncome Effect vs. Substitution Effect: An OverviewSeptember 28, 2023 by admin 0 Comments The income effect is the impact of higher purchasing power on consumption, while the substitution effect measures how consumption is affected by changing income and prices. Articles You May Like The 7 Most Undervalued Cannabis Stocks to Buy in May 2024 The 3 Best Quantum Computing Stocks to Buy in May 2024 Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying 7 Cheap Metaverse Stocks to Buy Now: May 2024 3 Cheap Growth Stocks to Buy Now: May 2024