Social Studies, 31.03.2020 21:25 lujaynsparkles

In the past, Madeleine's vacation time has been spent at home catching a few local attractions when she could afford them. This year, she received a big bonus at work and has decided to finally take the trip to Europe that she has always dreamed about. Madeleine's purchasing behavior has changed due to:

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Answer from: ERIKALYNN092502

The income effect

Explanation:

The income effect is the effect on real income when price changes and it can be positive or negative. for instance when price falls, and assuming nominal income is constant, the same nominal income can buy more of the good hence demand for this and other goods is likely to rise.

Madeleine's vacation time has been spent at home catching a few local attractions when she could afford them. This year, she received a big bonus at work and has decided to finally take the trip to Europe that she has always dreamed about. Madeleine's purchasing behavior has changed due to the income effect.

This explains the concept of income effect.

Answer from: rileyeddins1010

The income effect

Explanation:

The income effect is the change in demand for a good or service caused by a change in a consumer's purchasing power resulting from a change in real income. This change can be the result of a rise in wages etc., or because existing income is freed up by a decrease or increase in the price of a good that money is being spent on.

In this case, Madeleine's purchasing behavior changed due to increase in her income,which led to her change in demand from catching local attractions to taking a trip to Europe.

This explains the concept of the income effect.

Answer from: Quest

what are the choices? the multiple choices?

i will answer in the comments after the choices have been said.

Answer from: Quest

i disagree that there is little difference between adult female development and adult male development. sociological studies comparing female and male pathways to adulthood, revelead that there are sustancial differences between them. particularly, female and male differ from timing of marriage, when they began to live with children and the likelihood of combining wife/husband and parent roles.

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