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Please I need to summit my assignment tomorrow so help me as soon as possible
Q1. With the help of graph, explain the effect of an increase in average income of an economy on equilibrium prices and quantity of a commodity that society consumes.
Q2. With the help of graph, explain the effect of an increase in average income of an economy on equilibrium price level and over all output of the economy under consideration.
i will be very thankful whoever will help me
Q1. With the help of graph, explain the effect of an increase in average income of an economy on equilibrium prices and quantity of a commodity that society consumes.
Q2. With the help of graph, explain the effect of an increase in average income of an economy on equilibrium price level and over all output of the economy under consideration.
i will be very thankful whoever will help me