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price effect

Title English: 
price effect
Definition English: 
The impact that a change in value has on the consumer demand for a product or service in the market. The price effect can also refer to the impact that an event has on something's price. The price effect consists of the substitution effect and the income effect.
Title Arabic: 
تأثير السعر
Domain: 
Economic Development
Subject: 
Economic Statistics
InformationType: 
Term
SourceSymbol: 
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