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CBSE Class 12-commerce Answered

Assume the consumer buys more of a good when the consumer’s income increases, how will the demand curve change?
Asked by Topperlearning User | 25 Apr, 2016, 09:33: AM
answered-by-expert Expert Answer

If a consumer buys more goods with an increase in consumer’s income then there will be an increase in the whole demand schedule or an increase in demand. In such a situation, the demand curve will shift rightward.

Answered by | 25 Apr, 2016, 11:33: AM
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