Economics homework help please

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Suppose that consumer income decreases and that hamburger is an inferior good. What will occur in the market for hamburger. Please explain your answer.

Apr 1st, 2015

 A fall in  consumer income causes the demand for an inferior good (hamburgers) to increase. This represents a rightward shift of the demand curve from D1 to D2 and results in a rise in the equilibrium price and quantity as the equilibrium changes from E1 to E2. 

Mar 31st, 2015

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