Explain the effects of rise in income of demand for a good. use diagra – InterviewSolution

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1.	Explain the effects of rise in income of demand for a good. use diagram
Answer» In the CASE of normal goods, income and demand are directly related, MEANING that an increase in income will cause demand to rise and a decrease in income causes demand to fall. For example, for most PEOPLE, consumer DURABLES, TECHNOLOGY products and leisure services are normal goods.Explanation:hope this answer may help you ✨✨☺️

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