Question

2.decrease in income of the buyer

Answer 1

Click the [Income Increase] button under the Normal Good heading to demonstrate. A decrease in buyers'income causes a decrease in demand and a leftward shift of the demand curve for a normal good. Click the [Income Decrease] button under the Normal Good heading to demonstrate

Answer 2

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A decrease in buyers' income causes a decrease in demand and a leftward shift of the demand curve for a normal good. Inferior Good: An increase in buyers' income causes a decrease in demand and a leftward shift of the demand curve for an inferior good.