When a consumer's income decreases,the consumer

Name: When a consumer's income decreases,the consumer
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Question

Quizplus · Accepted Answer

When a consumer's income decreases, they will have less to spend overall (A). Additionally, if they were previously buying normal goods, they may switch to buying smaller quantities of those goods (B) or switch to buying less expensive goods, which may be considered inferior goods (C). Therefore, all of the above options are possibilities when a consumer's income decreases.

When a Consumer's Income Decreases,the Consumer