edmondsonmilly
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If prices rise and income stays the same, what is the effect on demand?

A. Demand stays the same.

B. Fewer goods are bought.

C. More is bought of some goods and less of others.

D. More goods are bought.

Respuesta :

If prices rise meaning more income every product, and the income stays the same then B. fewer goods are bought. This is because prices rise right, but your making the same amount of money that means fewer products are being bought.

Answer:

B. Fewer goods are bought

Explanation:

When prices rise and income stays the same, it means no one is buying any goods and services, that's why the income stays the same :)

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