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How does consumers' income affect
the demand for normal goods?

User Ostati
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1 Answer

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Step-by-step explanation:

For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When the price of a product increases relative to other similar products, consumers will tend to demand less of that product and increase their demand for the similar product as a substitute.

User Kamil W
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