Card 1 of 24
As real income rises, what happens to demand for a normal good?
A
Higher demand creates competition for the same goods, so consumer prices tend to rise.
B
Demand decreases.
C
They order more stock.
D
Demand increases.
Card 1 of 24
2.2.5 Causes and consequences of demand changes Flashcards
24 flashcards on OCR GCSE Economics 2.2.5 Causes and consequences of demand changes: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.