asked 127k views
5 votes
Suppose the price of apples falls relative to other similar​ goods, and as a result the quantity of apples demanded increases. This is caused by

1 Answer

5 votes
This is an example of the wealth effect where a group get paid more so there spending habits also increase
answered
User Zvi Mints
by
8.1k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories