DemandIncome

by jwietl
Last updated 8 years ago

Discipline:
No category
Subject:
No topic

Toggle fullscreen Print glog
DemandIncome

I’m ______________________ speaking to you from Joliet Central High School, room 377 for the Institute for the Teaching of Economics in All Subject Areas. You are listening to:The Institute for the Teaching of Economics in All Subject AreasVolume Two, Issue OneDeterminants of Demand/Change in Consumer IncomeDuring the post World War II economic expansion between 1945 and 1960, per capita income nearly doubled. According to economic theory, an increase in consumer income will cause demand to increase. This is shown by a shift in the demand curve up and to the right of the original demand curve. This shift will result in an increase in price and an increase in quantity demanded.


Comments

    There are no comments for this Glog.