What impact would a rise in consumer income have on the, Ask an Expert

Economics

What impact would a rise in consumer income have on the demand for cars?

The demand for cars would decrease if cars are a normal good.

The demand for cars would increase if cars are a normal good.

The demand for cars would increase if cars are an inferior goods.

The demand for cars would decrease if car prices remain constant.

The demand for cars would increase if car prices were to fall.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91566048

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