How does changes in income affect the demand for normal goods

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Joslyn Nelson

Social Studies

15 April, 06:30

How does changes in income affect the demand for normal goods

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Josephine York · Answer 1

The Consumer's Income. The effect that income has on the amount of a product that consumers are willing and able to buy depends on the type of good we're talking about ... In other words, for these goods when income rises the demand for the product will increase; when income falls, the demand for the product will decreas