Question

What do you think would be the effect on the demand curve for sugar for an increase in the income of a consumer? ​

Answer 1

Answer:

Tastes and Preferences of the Consumers: ADVERTISEMENTS: ...

Income of the People: The demand for goods also depends upon the incomes of the people. ...

Changes in Prices of the Related Goods:

Explanation:

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Answer 2

Answer:

An increase in the price of Coke would result in decrease in the demand for Pepsi. An increase in the price of sugar would result in an increase in the demand for tea. An increase in the income of a consumer would result in an increase in demand for all types of goods that are demanded by a consumer.

Explanation:

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