A decrease in the average incomes of consumers will result in which of the following?

a. A decrease in the demand for goods and services

b. An increase in the demand for goods and services

c. A decrease in the supply of goods and services

d. An increase in the supply of goods and services

Question

Zechariah Alvarez

History

6 May, 10:26

A decrease in the average incomes of consumers will result in which of the following?

a. A decrease in the demand for goods and services

b. An increase in the demand for goods and services

c. A decrease in the supply of goods and services

d. An increase in the supply of goods and services

+4

Answers (2)

Know the Answer?

Krista Hobbs · Answer 1

Answer: I believe a is correct

Explanation: if less money around to be used less goods and services could be affordable causing lower demand but I may be wrong

Danielle Hall · Answer 2

Answer: A. a decrease in the demand for goods and services

Explanation: I guess

A decrease in the average incomes of consumers will result in which of the following?a. A decrease in the demand for goods and servicesb. An increase in the demand for goods and servicesc. A decrease in the supply of goods and servicesd. An increase in the supply of goods and services

A decrease in the average incomes of consumers will result in which of the following?

a. A decrease in the demand for goods and services

b. An increase in the demand for goods and services

c. A decrease in the supply of goods and services

d. An increase in the supply of goods and services