Consumer income influence demand.
Income and demand for common commodities are tightly correlated, which means that as income rises, demand will follow suit and vice versa if income falls. For instance, most people consider consumer durables, technology, and leisure services to be standard goods. When it comes to inferior commodities, income and demand are inversely correlated, which means that as income rises, demand declines while income falls, and demand rises. For instance, basic items like bread and rice are frequently of lower quality. An inferior good is one whose demand decreases as wealth increases and vice versa.
In other words, the demand curve moves to the left as income rises.
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