Question

explain effect of the following on the demand of a good

a). change in income of the consumer

b). change in price of related goods​

Answer 1

Answer:

A rise in the price of a commodity reduces its demand and a reduction in its price increases the demand. Thus, demand is more at a lower price and less at a higher price. (ii) Income of the Consumer: In case of normal goods, demand increases with rise in the income of the consumer and falls when the income decreases

Answer 2

Answer:

a change in income effect on her family

b the poor people will effect