If prices rise but income stays the same, what is the effect on the quantity demanded?
@linda3 @Ricky2 @e.mccormick @timo86m @phi @love_jessika15 @JuliusTheGreat @Kristen17 @DollyAcquah @Compassionate @Cpt.Sparz @boricua5 @nincompoop
Please help me somebody ?

Question

If prices rise but income stays the same, what is the effect on the quantity demanded?
@linda3 @Ricky2 @e.mccormick @timo86m @phi @love_jessika15 @JuliusTheGreat @Kristen17 @DollyAcquah @Compassionate @Cpt.Sparz @boricua5 @nincompoop 
Please help me somebody ?

opcode · Answer

Well if prices rise but income stays the same, we can only assume people wouldn't have have enough money to by non-luxury items. Hence less quantity of the demand would go down.

anonymous · Answer

a. quantity demand increases
b. fewer goods are brought
c. more goods are brought
d. demand stays the same
I would say the answer is B but I just want to make sure

opcode · Answer

I agree B sounds right.

anonymous · Answer

Thanks @Opcode it was a simple question just needed to clarify : )