alleryIncomes rise while prices stay the same. What generally happens to quantity demanded of many goods?
AIt falls
BIt stays fixed
CIt disappears
DIt rises
Answer & Solution
Correct answer: D. It rises
Higher income lets people afford more or better goods, so demand rises at the same prices.
Keep practising Markets and Price Mechanisms
Browse all Markets and Price Mechanisms questions for CBSE Class 9, or explore more Social Science topics.
Related questions
A cheaper way to grow wheat raises supply at every price. What happens to the equilibrium If demand increases and the supply curve stays put, what happens to equilibrium price and In economics, what is a movement along a demand curve called?How can heavy rules and price controls hurt long-term output?Many permits for food safety, fire safety and pollution control burden which group most?The government fixes wheat at ₹20 per kg while the market price is ₹30. What may follow?Each family hopes others will pay for a park, so too little is raised. What follows?Why do private companies usually avoid providing public goods?