kasscifuentes
Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Why would consumer income change demand?

Sagot :

sathyasai321

Answer:

a consumers income would change the demand due to the lack of income received by the consumer which would decrease the demand

*note I am not a expert

DynamoPrince2612

[tex]\mathfrak{\huge{\orange{\underline{\underline{AnSwEr:-}}}}}[/tex]

Actually Welcome to the Concept of the Income and demands.

The income effect is a change in quantity demanded because of a change in price that makes consumers feel richer or poorer. A shift in relative prices may cause a substitution effect, in which consumers substitute an alternative less expensive product for one that has become more expensive.

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.