Question

If the household income is decreased then the demand for most goods will __________.

A.
stop
B.
increase
C.
stay the same
D.
decrease




Please select the best answer from the choices provided

A
B
C
D

Answer 1

D decrease because people will have less money to pay for the things.

Answer 2

It will decrease because as the income decreases, we would prefer to have some important goods rather than luxury