An increase in income causes the demand of normal goods to _________ and the price of normal goods to

Name: An increase in income causes the demand of normal goods to _________ and the price of normal goods to
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Question

​An increase in income causes the demand of normal goods to _________ and the price of normal goods to

Quizplus · Accepted Answer

An increase in income causes an increase in demand of normal goods as people have more money to spend. This increase in demand can lead to an increase in price due to limited supply and increased competition among consumers.

​An Increase in Income Causes the Demand of Normal Goods

An Increase in Income Causes the Demand of Normal Goods