Economy, asked by golurawatrawat624, 9 months ago

what happen to demand when consumer income change ? explain​

Answers

Answered by durgeshk3698
21

Answer:

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Explanation:

An outward shift in demand will occur if income increases, in the case of a normal good; however, for an inferior good, the demand curve will shift inward noting that the consumer only purchases the good as a result of an income constraint on the purchase of a preferred good.

Answered by Aditi42006
1

Answer:

when consumer income changes demands also changes a according to the income.If income is more then there will be large varieties of demands like for example private schools and hospitals.

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