Question:

Microeconomics: Income + Demand?

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An increase in income which leads to an increase in the demand for good X represents a movement along the demand curve (a change in the quantity demanded)

is this true or false? and why? could someone please explain this to me

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  1. False - Increase in income will actually provide shift of whole demand curve instead of moving along demand curve. For normal goods right-ward and for inferior goods/services left-ward.

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