Economy, asked by bs6025158, 6 months ago

In case of narmal goods ,when the price of any good increase than before, it's quantity demand:​

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Answered by kalechatimadhuri
1

Answer:

For normal goods, the income effect and the substitution effect both work in the same direction; a decrease in the relative price of the good will result in an increase in quantity demanded both because the good is now cheaper than substitute goods, and because the lower price means that consumers have a greater total ...

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