Economy, asked by rashita28, 6 months ago

explain the effects of rise in income of demand for a good. use diagram​

Answers

Answered by sangeetasoreng98
2

Answer:

In the case of normal goods, income and demand are directly related, meaning that an increase in income will cause demand to rise and a decrease in income causes demand to fall. For example, for most people, consumer durables, technology products and leisure services are normal goods.

Explanation:

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