wrightleah97 wrightleah97
  • 14-09-2020
  • Social Studies
contestada

How does income impact Demand?

How does income impact Demand class=

Respuesta :

aly222
aly222 aly222
  • 14-09-2020
The Consumer's Income
The effect that income has on the amount of a product that consumers are willing and able to buy depends on the type of good we're talking about. In other words, for these goods when income rises the demand for the product will increase; when income falls, the demand for the product will decrease.
Answer Link

Otras preguntas

describe the range of a square root function
Abcd is a rectangle with b(-7,-8) ,c(5,3),and d(5,-8) find the coordinates of a
how is most DNA duplication is the body accomplished?
Simplify 6x2y3/24y2x3
Why do economists describe the US economy as a mixed-market economy? A) The government controls nearly all aspects of the stock market. B) Citizens have economi
Please make sure I'm right or wrong, I think it's D: Which sentence does not contain any errors? A. She could'nt remember which suitcase was yours'. B. She coul
What is the solution to the equation? -7(x-4)+8x=12+14
Ocean Currents: List two ways currents affect life on earth.
The bird in the hunger games
if you started at the prime Mediterranean and traveled east one fourth of the way around or what what the line of longitude would you reach?