Ramon is willing to purchase three sandwiches at a price of $8 for each sandwich. Ramon's employer just cut back on the number of overtime hours that Ramon can work. Now Ramon is buying only two sandwiches. This shift is known as a change in:

Question

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The shift is known as a change in demand because Ramon's willingness to purchase sandwiches has changed due to a change in his income, affecting the amount he is willing to buy at a given price.

Ramon Is Willing to Purchase Three Sandwiches at a Price