Economic Definition of buyers' income, demand determinant. Defined.
Offline Version: PDF
Term buyers' income, demand determinant Definition: The income that buyers have available to purchase a good, which is assumed constant when a demand curve is constructed. Buyers' income is one of five demand determinants that shift the demand curve when they change. The other four are buyers' preferences, other prices, buyers' expectations, and number of buyers.
« buyers' expectations, demand determinant | buyers' market »
Permalink: https://glossary.econguru.com/economic-term/buyers'+income,+demand+determinant