Which of the following statements about international markets is true?
A)Incomes are rising but demand is stagnant.
B)Incomes are rising and demand is increasing.
C)Incomes are rising but demand is decreasing.
D)Incomes are dropping and demand is decreasing.
E)Incomes are dropping but demand is increasing.

Question

Quizplus · Accepted Answer

As incomes rise in international markets, consumers have more purchasing power and are able to demand more goods and services, leading to an increase in demand. This is often seen in developing markets where a growing middle class is emerging.

Which of the Following Statements About International Markets Is True