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  • 12-05-2021
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If consumer income rises, how would the demand curve change?

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Аноним Аноним
  • 12-05-2021

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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