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1 December, 05:19

For most goods, a rise in people's income means that there will be

a. a rise in prices

b. a substitution effect.

c. an increase in demand.

d. a decrease in demand.

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Answers (1)
  1. 1 December, 05:37
    0
    C. An increase in demand.

    Because people will have more money available for demanding further of those goods. Certain exceptions apply to these rule.
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