Learn how the income effect and the substitution effect shape both consumer decisions and demand as incomes and product prices change.

Discover the income effect and price effect differences to better understand demand changes in economics. Learn how these concepts affect financial analysis.

Prime Minister Shinzo Abe is expected to decide by early October 2013 on whether or not to go ahead with the planned consumption tax rate hike from the current 5% to 8% in April 2014, by evaluating ...