Economy, asked by yaccain18, 7 months ago

An increase in income of the consumer always results in an increase in demand for a good.

Defend or Refute​

Answers

Answered by ApurvaQueen
0

Hey!!

It’s true.

As income increases the demand for normal goods increases,

And the demand for superior goods also increases as demand for inferior goods decreases.

Hope this helps you!!

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