fill in the blank question if our incomes are fixed and if the prices of things we buy go up, we are forced…
fill in the blank question if our incomes are fixed and if the prices of things we buy go up, we are forced to buy because our dollars will not stretch as far. need help? review these concept resources. read about the concept
Answer
Brief Explanations:
When incomes are fixed and prices rise, the purchasing - power of money decreases. So, consumers have to reduce their quantity of purchases.
Answer:
less