Ask Question
18 March, 21:06

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.

Answers (1)
  1. T
    19 March, 00:20
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
Sign In
Ask Question