A decrease in consumer incomes will:

Name: A decrease in consumer incomes will:
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Question

Quizplus · Accepted Answer

A decrease in consumer incomes does not decrease the demand for an inferior good; it typically increases it, as consumers turn to cheaper alternatives. It does not affect the supply of goods directly, and it decreases rather than increases the demand for normal goods, which are goods whose demand increases as consumer income increases.

A Decrease in Consumer Incomes Will