cvgold11
cvgold11 cvgold11
  • 23-04-2020
  • Business
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How do changes in consumer income and tastes affect movement of the demand curve?

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ji24844
ji24844 ji24844
  • 23-04-2020

Answer:

Explanation:

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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