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If only income increases, an individual's purchasing power will increase, allowing them to afford more goods and services. However, if prices also increase at the same time, the purchasing power may remain unchanged or even decrease if prices rise more than income. It is important to consider the impact of inflation on the real value of income.
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What happens to atmospheric pressure as altitude increases?
As altitude increases, atmospheric pressure decreases.
What happens to the amplitude of the wave if the energy increases?
If the energy of a wave increases, the amplitude of the wave also increases. This is because amplitude is directly proportional to energy - as energy increases, more energy is imparted to the wave causing it to oscillate with greater magnitude.
What happens to the frequency when the wheel speed increases?
When the wheel speed increases, the frequency also increases. This is because frequency is directly proportional to the speed of rotation of the wheel.
What happens to the partial pressure of oxygen in a sample of air when the temperature increases?
When the temperature of a sample of air increases, the partial pressure of oxygen also increases.
When your mass increases what happens to your weight?
If your mass increases, your weight also increases.
As disposable income increases what happens to consumption spending?
Consumption also increases as disposable income increases.
What happens to demand if income increases and commodity is normal?
Demand also increases.
What happens to net personal income when the government lowers taxes?
your net income increases, but your income tax decreases
What happens to net personal income when government lowers taxes?
your net income increases, but your income tax decreases
What happens to demand when income increases and the commodity is inferior?
Please answer this question? .......
What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
What happens if incomes rise and demand increases?
we would pay a lot of money in income taxes
With this tax as income increases the amount of income tax also increases.?
progressive
When income increases the demand for this type of good increases inferior?
An example would be the car industry. When the income of consumers increases as a whole, the demand for cheap cars goes down and the demand for more expensive cars goes up. When that happens, cheap cars are considered inferior goods.
What is it When demand for a good decreases as income increases?
In the case of Inferior goods, the demand decreases as income increases.
What is income effect mean?
The income effect is the change in the individualâ??s income and how it will impact the change in quantity of a service. As the income increases, the quantity of demand of service also increases.
What happens when wbc increases?
wht happens if WBC increases?
