1. Explain the income effect.
define income effect

The income effect is the change in the consumption of goods based on income. This means consumers will generally spend more if they experience an increase in income, and they may spend less if their income drops. ... The marginal propensity to consume explains how consumers spend based on income.

in 550 b.c.e. cyrus the great, the leader of the persians, conquered the medes and united the iranian people under one ruler for the first time. cyrus became the first king of the persian empire and went on to establish one of the largest empires in world.

c-three

explanation:

legislative, executive and judicial