BBA BBA-BI BBA-TT BBM BBS BCIS Microeconomics

Define price effect. – Microeconomics | Management Notes

Define price effect.
Cardinal Utility Approach | Microeconomics
Management Notes

Ans) Price effect is defined as the change in consumer’s equilibrium with the change in price of a commodity .Purchase of goods will be affected with the change in price of a commodity,Keeping other things constant.

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