Use the figure below to answer the following questions. Figure 3.2.2 -Refer to Figure 3.2.2.If consumers' income increases, A)the quantity of pizzas demanded increases. B)the demand curve for pizzas shifts from D₁ to D₂if a pizza is a normal good. C)the supply of pizzas increases. D)the quantity of pizzas supplied decreases. E)a movement from point A to point B on D₁ occurs.

Question

Quizplus · Accepted Answer

If a pizza is a normal good, an increase in consumer income will cause a shift of the demand curve to the right, from D₁ to D₂. This means that at any given price, consumers will demand a greater quantity of pizzas.

Use the Figure Below to Answer the Following Questions