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27 November, 12:06

How do changes in consumer income and tastes affect movement of the demand curve?

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  1. 27 November, 12:14
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    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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