Question

the price of the​ good, which is a normal ​good, is​ $4. If there is an increase in consumer​ incomes, which way will the demand curve​ shift? Will the quantity demanded of the good increase or​ decrease?

Answer 1

If there is an increase in consumer incomes, the demand curve for the good will shift to the right. This means that at any given price, consumers will demand a higher quantity of the good. So, the quantity demanded of the good will increase.