How can a change in income shift a demand for goods?

1 answer:

8 0

The demand of something means how the insistency or desire to purchase that item. When there is a shift in income, demand for goods change drastically. If the income level for a person rises, then the demand for goods that they may not have been able to afford before rises and the cheaper options decline. If the income shift drops, the demand for the goods previously affordable may go down, due to not being able to afford them anymore.

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