Lisa is at a cocktail party engaged in conversation with friends, when she hears her name spoken by someone across the room. this is an example of

no , per capita income is not a true measure of the development because: -it only tells us about average income not how income is distributed among the people.it only give us an idea of the economic aspect.it is only at the qualitative basis.moreover, income is not only the way of development other factors are also as much as important as income.

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .