Question

whether or not an increase in income will cause an increase in spending​

Answer 1

Explanation:

The income effect relates to how a consumer spends money based on an increase or decrease in his income. An increase in income results in demanding more services and goods, thus spending more money. ... In general, when incomes are lower, less spending occurs, and businesses are hurt by the effect.

Answer 2

Answer:

above answer in before comment is right but some issues