A change in money income of consumers will:

Question

Quizplus · Accepted Answer

A change in money income of consumers will shift the market demand curve for housing. When consumers' money income increases, they will have a higher purchasing power, which will enable them to demand more housing. Conversely, a decrease in money income will lead to a decrease in the market demand for housing. This is because housing is a normal good, and changes in income affect the quantity demanded of normal goods.

A Change in Money Income of Consumers Will