An increase in individual income will lead to an inward shift of the demand curve for a commodity.

Name: An increase in individual income will lead to an inward shift of the demand curve for a commodity.
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Quizplus · Accepted Answer

An increase in individual income typically leads to an outward shift of the demand curve for a commodity, as people have more money to spend and are likely to buy more of the product, assuming it is a normal good.

An Increase in Individual Income Will Lead to an Inward