consumer income

How Do The Number Of Consumers In A Marketplace Affect Demand?

by

How Do The Number Of Consumers In A Marketplace Affect Demand? How do the number of consumers in a marketplace affect demand? … Consumer preferences can lead to an increase in demand where as if there is an unfavorable change it will lead to a decrease in demand. A lack of consumers meaning less demand

What Happens To Budget Line If Income Increases?

by

What Happens To Budget Line If Income Increases? When there is an increase in income, a consumer can buy more of both goods and this shows an outward i.e. rightward shift in the budget line. On the other hand, when there is a decrease in income, the consumer’s consumption possibility decreases, and the budget line