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If prices rise but income stays the same, what is the effect on the quantity demanded?
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User: If prices rise but income stays the same, what is the effect on the quantity demanded?

User: If prices rise but income stays the same, what is the effect on the quantity demanded? A. quantity demanded increases. B. fewer goods are bought. C. more goods are bought. D. demand stays the same.

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Asked 7/12/2012 1:13:03 PM
Updated 11/29/2012 1:50:31 PM
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Flagged by alfred123
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If prices rise but income stays the same, B. fewer goods are bought.
Added 11/29/2012 1:50:31 PM
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