106k views
1 vote
4. If prices rise and income stays the same, what is the effect on demand? Fewer goods are bought. More goods are bought. More is bought of some goods and less of others. Demand stays the same.

User DawidPi
by
3.1k points

1 Answer

5 votes

Answer: The answer would be fewer goods are bought

Step-by-step explanation: This should be the answer because they are basically raising the price for the objects sold and most people do not buy as much as they usually would because of this increase in price

User Arbme
by
4.3k points