Business Studies, asked by 16ahussain, 3 months ago

when is consumer income likely to rise

Answers

Answered by Anonymous
2

Answer:

For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. The income effect and substitution effect are related economic concepts in consumer choice theory.

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Answered by muneebatanveer
0

Answer:

whenever the consumer will increase quality of his items

Explanation:

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