When a person's income increases:
A)more bundles of goods and services become affordable.
B)less bundles of goods and services become affordable.
C)the bundles of goods and services that become affordable doesn't change.
D)the bundles of goods and services that become affordable must include more expensive goods and services.

Question

Quizplus · Accepted Answer

When a person's income increases, they have more purchasing power. This means that they can afford to buy more goods and services than they could before. As a result, more bundles of goods and services become affordable for them.

When a Person's Income Increases