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  • 12-05-2021
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In the market for new homes, consumer incomes rise...

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proctorgw14
proctorgw14 proctorgw14
  • 12-05-2021

Answer:

In the case of normal goods, income and demand are directly related, meaning that an increase in income will cause demand to rise and a decrease in income causes demand to fall. For example, for most people, consumer durables, technology products and leisure services are normal goods.

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