Answered

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Select the correct answer.

How does consumer demand affect income levels?

A. Demand has no effect on income levels.

B. As demand increases, the government will lower income levels.

C. As demand increases, income levels will fall.

D. As demand increases, income levels will rise.

Sagot :

GinnyAnswer

Final answer:

Consumer demand can impact income levels by affecting how much people are willing to spend when their income increases.


Explanation:

Consumer demand can significantly impact income levels. As demand increases, the income levels also tend to rise. For example, when people have higher incomes, they are more likely to spend on goods and services like new cars, vacations, and jewelry.


Learn more about Impact of consumer demand on income levels here:

https://brainly.com/question/34120537


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