noun
price effect
Economics term referring to the change in demand or consumption resulting from a change in price, often contrasted with the income effect.
価格効果と所得効果を区別して分析する必要がある。
It is necessary to analyze the price effect and the income effect separately.
所得効果 (income effect) is the change in demand due to a change in real income, while 価格効果 (price effect) is the change due to a price change alone.
Compound of 価格 (price) and 効果 (effect), a straightforward calque of the English economics term 'price effect'.