Answer to Question #146829 in Economics for john

Question

france is a mixed economy. during recent years there have been a number of changes in its labour market. more workers are employed in the tertiary sector and fewer workers in the primary sector. average working hours have increased and public sector workers have received wage rises . discuss the extent to which the increased employment and wage rises will affect the demand for apple phones in a country like france

Answer 1

The increased employment and wage rises will increase the demand for Apple phones in a country like France, because Apple phones is a normal good in such country, so as income rises, the demand increases too.