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Determinants of Demand - Income by cassrynne on 07-15-2008
As one's income rises(falls), the demand for a product will rise(fall).
Isn't that house beautiful? I would so love to live in a house like that.
Well, since I just recently got promoted to a much higher salary job, I think I can afford to purchase that house.
Is that so?
Yes.
Well then, Iet's try asking if that house is available for sale or not.
Sure.
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