English

Identify the following as change in quantity demanded or change in demand: Consumer income falls and the number of automobiles purchased declines.

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Question

Identify the following as change in quantity demanded or change in demand:

Consumer income falls and the number of automobiles purchased declines.

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Solution

Change in demand

Explanation:

The change is due to consumer income, a factor other than the price of automobiles.

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Chapter 3: Demand - INTEX QUESTIONS [Page 3.5]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 3 Demand
INTEX QUESTIONS | Q 2. | Page 3.5
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