Question
Help me with this, please.
Read the statement.
Economists note that personal income rose by 5 percent last year.
What impact will the change in personal income have on-demand?
It will cause the demand curve to shift down.
It will cause the demand curve to shift right.
It will cause the demand curve to shift up.***
It will cause the demand curve to shift left.
Read the statement.
Economists note that personal income rose by 5 percent last year.
What impact will the change in personal income have on-demand?
It will cause the demand curve to shift down.
It will cause the demand curve to shift right.
It will cause the demand curve to shift up.***
It will cause the demand curve to shift left.
Answers
Damon
Yes, people may be willing to buy more at a given price.