CBSE Class 11-commerce Answered
which term is used for income demand curve
Asked by rksharmaramjas | 17 Jan, 2020, 08:24: PM
Expert Answer
In case of normal goods,if a change in income (rise) causes a positive change in demand, then there is Increase in Demand.
If a change in income causes a negative change in demand (fall), then there is Decrease in Demand.
Hence,there is a shift in demand curve when it is related to income.
Answered by Christina | 20 Jan, 2020, 09:49: AM
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