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Consumer income decreased what happens for Iphones demand increased. shifting right movement up the curve demand decreased, shifting left movement down the

Pergunta

Consumer income decreased what happens for Iphones
demand increased.
shifting right
movement up the curve
demand decreased,
shifting left
movement down the

Consumer income decreased what happens for Iphones demand increased. shifting right movement up the curve demand decreased, shifting left movement down the

Solução

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ZuleikaProfissional · Tutor por 6 anos

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The correct answer is 'demand decreased, shifting left'.

Explicação

## Step 1
The problem is about the impact of a decrease in consumer income on the demand for iPhones. The demand for a product is influenced by several factors, including consumer income.

## Step 2
When consumer income decreases, consumers generally have less money to spend on goods and services. This decrease in income would likely lead to a decrease in the demand for iPhones, as consumers would have less money to spend on such a high-priced item.

## Step 3
The decrease in demand would be represented by a shift to the left on the demand curve. This is because the demand curve is a graphical representation of the relationship between the price of a good and the quantity demanded. A shift to the left indicates a decrease in demand.
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