Practice what you have learned so far in this lesson. Topics include the role of property rights in markets, the income effect, and the substitution effect.

Concepts

the income effect, markets, property rights, the law of demand

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Additional Tags

substitution effect, khan academy, markets, property rights, and the law of demand, law of demand, markets for goods and services, real property rights

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Classroom Considerations

• Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
• The intended use for this resource is Practice