Price Effect=Income Effect+Substitution Effect (कीमत प्रभाव=आय प्रभाव+प्रतिस्थापन प्रभाव)

💡 Price Effect = Income Effect + Substitution Effect | Consumer Behavior Simplified 📈
Ever wondered how a change in price impacts consumer behavior? 🤔 This video explores the Price Effect and breaks it down into its two key components:

📌 What you'll learn in this video:

What is the Price Effect, and how does it work?
The role of the Income Effect: How price changes affect purchasing power.
The role of the Substitution Effect: How consumers shift preferences due to relative price changes.
Examples and graphical representation to solidify your understanding.
🎥 Perfect for:
✅ Economics students studying microeconomic theory 📚
✅ Learners curious about consumer behavior 🌟
✅ Professionals revisiting foundational economic concepts 🚀

💬 Watch till the end for a comprehensive explanation, and share your thoughts or questions in the comments! Don’t forget to like, share, and subscribe for more valuable economics content.

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