Pergunta

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.
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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