When the demand for a good increases owing to an increase in income, it means that - SchoolNGR

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When the demand for a good increases owing to an increase in income, it means that

When the demand for a good increases owing to an increase in income, it means that

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A There is an increase in quantity demanded
B Inflation has taken place
C Demand has exceeded supply
D There is an increase in demand

Correct Answer: Option D

Explanation:

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