Baseball cards are considered to be a normal good. This means that, as incomes rise, consumers are willing and able to purchase greater quantities (more) of baseball cards. How would an increase in incomes be modeled in a graph of the supply and demand curves for baseball cards?(1 point)

Question

Responses

The demand curve would shift to the right
The demand curve would shift to the right

The equilibrium point would move upward along the demand curve.
The equilibrium point would move upward along the demand curve.

The supply curve would shift to the right.
The supply curve would shift to the right.

The supply curve would shift to the left.

Answer 1

An increase in incomes would lead to a rightward shift in the demand curve for baseball cards, as consumers would be more willing and able to purchase greater quantities of them. Therefore, the correct response is:

The demand curve would shift to the right.