Assuming that new cars are a normal good, a decrease in consumer income, other things being equal, will:

Name: Assuming that new cars are a normal good, a decrease in consumer income, other things being equal, will:
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A decrease in consumer income, assuming new cars are a normal good, will decrease the demand for new cars because consumers will have less income to spend on goods that are considered non-essential or luxury, such as new cars.

Assuming That New Cars Are a Normal Good, a Decrease