A decrease in the average incomes of consumers will result in which of the following?

a. A decrease in the demand for goods and services

b. An increase in the demand for goods and services

c. A decrease in the supply of goods and services

d. An increase in the supply of goods and services

Question

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Xander Orr

14 November, 22:44

A decrease in the average incomes of consumers will result in which of the following?

a. A decrease in the demand for goods and services

b. An increase in the demand for goods and services

c. A decrease in the supply of goods and services

d. An increase in the supply of goods and services

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Answers (2)

Know the Answer?

Ayana · Answer 1

Answer: A. a decrease in the demand for goods and services

Explanation: I guess

Philip · Answer 2

Answer: I believe a is correct

Explanation: if less money around to be used less goods and services could be affordable causing lower demand but I may be wrong

A decrease in the average incomes of consumers will result in which of the following?a. A decrease in the demand for goods and servicesb. An increase in the demand for goods and servicesc. A decrease in the supply of goods and servicesd. An increase in the supply of goods and services

A decrease in the average incomes of consumers will result in which of the following?

a. A decrease in the demand for goods and services

b. An increase in the demand for goods and services

c. A decrease in the supply of goods and services

d. An increase in the supply of goods and services