Examlex
Sofonisba Anguissola's Self-Portrait can be described as Mannerist because __________.
Income Effect
The change in an individual's or economy's income and how that change affects the quantity demanded of a good or service.
Substitution Effect
The change in consumption patterns due to a change in relative prices, holding the consumer's overall utility constant.
Income Effect
The Income Effect describes how changes in an individual's income affect their purchasing capacity and thus their demand for goods and services.
Inferior Good
A type of good for which demand decreases as the income of consumers increases, opposite to normal goods.
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