3 years ago

Which of the following situations is an example of how income affects supply, demand, and consumption?

2 answers:

5 0

Answer: A

Income in Arizona, Texas and New York are relatively high thus grocers can stock a large supply of Mexican products as they wish. The result of this is a low supply of said products in the market causing high prices. High price causes less demand and further less consumption. This is an example of how income affects supply, demand, and consumption.

saveliy_v [14]3 years ago

4 0

Answer:

A. Grocers in Arizona and Texas stock a large supply of Mexican products, while grocers in New York stock many kosher products.

Explanation:

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