Question: A decrease in the price of a movie ticket creates an increase in consumers' purchasing power, so that they can afford to buy more movie

A decrease in the price of a movie ticket creates an increase in consumers' purchasing power, so that they can afford to buy more movie tickets. This is called the

.

income effect

.

None of the given options

.

substitution effect

.

diminishing marginal utility effect

A decrease in the price of a movie ticket creates

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