A demand curve will shift inward for any of the following reasons except that: a. income...
A demand curve will shift inward for any of the following reasons except that:
| a. |
income rises. |
|
| b. |
price of a substitute falls. |
|
| c. |
preference for a good decreases. |
|
| d. |
price of a complement rises. |
Homework Answers
A. Income rise.
because an increase in the income of the customer will lead to the shift of the demand curve to the outward. This happens because when the customer will earn more they will try to consume more of the products they need and buy the product for there own satisfaction and desire too.
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