If buyers' incomes increase, the demand curve will shift to the ______ and the price will ______.

Question

Quizplus · Accepted Answer

If buyers' incomes increase, they will have more purchasing power which will lead to an increase in demand. So, the demand curve will shift to the right. However, if the demand increases while the supply remains constant, the price will rise. Therefore, the answer is C, which states that the demand curve will shift to the right and the price will rise.

If Buyers' Incomes Increase, the Demand Curve Will Shift to the ______