what happen to demand when consumer income change ? explain
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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.
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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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