Question
25-According to the law of demand, if: Question 25 options: a- product price increases, quantity demanded will decrease. b- consumer income increases, quantity demanded will increase. c- product price increases, quantity demanded will increase. d- consumer income increases, quantity demanded will decrease. e- supply increases, demand will increase. 25-According to the law of demand, if: 25-According to the law of demand, if: a- product price increases, quantity demanded will decrease. b- consumer income increases, quantity demanded will increase. c- product price increases, quantity demanded will increase. d- consumer income increases, quantity demanded will decrease. e- supply increases, demand will increase. product price increases, quantity demanded will decrease. consumer income increases, quantity demanded will increase. product price increases, quantity demanded will increase. consumer income increases, quantity demanded will decrease. supply increases, demand will increase. a- product price increases, quantity demanded will decrease. b- consumer income increases, quantity demanded will increase. c- product price increases, quantity demanded will increase. d- consumer income increases, quantity demanded will decrease. e- supply increases, demand will increase.
Explanation / Answer
consumer income increases, quantity demanded will increase b- consumer income increases, quantity demanded will increase