Economics GCSE
Consumer income and preferences
What Consumer income and preferences means in Economics GCSE, as defined for AQA.
Definition of Consumer income and preferences
Check what you remember
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Reference: AQA
Consumer income is a determinant of demand, and changes in consumer tastes and preferences are additional factors which influence demand.
Topics that use Consumer income and preferences
- Demand for goods and services (AQA GCSE)
Related terms
- Consumer behaviour
- Decrease in demand
- Demand
- Demand curve
- Goods and services
- Non-price determinants
- Normal and inferior goods
- Price and quantity relationship
Using Consumer income and preferences in the exam
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