Demand and Income of Consumers | Economics Class 12

Demand and Income of Consumers | Economics Class 12

In the case of normal goods, income and demand are directly related, meaning that an increase in income will cause demand to rise and a decrease in income causes demand to fall. For example, for most people, consumer durables, technology products and leisure services are normal goods.


User: Extraminds

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Uploaded: 2019-06-24

Duration: 03:18