Homework 2: Demand, Supply, X MindTap - Cengage Learning X G Clancy is a bus driver who enjo X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=58326429524367198800130137&elSBN=9781337915601&id=1567854303&snapshotld=3080673& M Gmail YouTube Maps APA citations MindTap - Cengag... O Practice Flashcar... S Ling 2000 Fall19.. Ling 106 hw 4.pdf course hero C My Overview | Ch... CENGAGE | MINDTAP Q Search this course ? Aplia Homework: Demand, Supply, and Markets X Back to Assignment = Attempts Keep the Highest / 1 A-Z 2. Income and substitution effects Clancy is a bus driver who enjoys hot dogs and salted pretzels. Suppose that the price of hot dogs increases. As a result, the purchasing power of Clancy's paycheck is diminished. Therefore, he reduces his consumption of all goods, including hot dogs. This phenomenon is known as the effect. ? Grade It Now Save & Continue Continue without saving