Positively sloped demand curve of Income Effect

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When your income is positively and closely tied to the price of a specific product, a raise in its price might cause: (1) The income effect which, in severe conditions, yields a positively sloped demand curve. (2) You to go bankrupt. (3) The powerful positive substitution effect. (4) Removal of any meaningful budget constraint. (5) An early on heart attack.

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