Economy, asked by kamakshi46, 4 months ago

Why a consumer purchases more at less price ?​

Answers

Answered by komalmaanjukomalmaan
0

Answer:

to get more profit by selling it at higher rate

Answered by pr3023
2

Answer:

For normal goods, the income effect and the substitution effect both work in the same direction; a decrease in the relative price of the good will result in an increase in quantity demanded both because the good is now cheaper than substitute goods, and because the lower price means that consumers have a greater total purchasing power and can increase their overall consumption.

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