Ask Question
23 February, 15:17

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

+4
Answers (1)
  1. 23 February, 18:44
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How do changes in consumer income and tastes affect movement of the demand curve? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers