An increase in consumer incomes will shift the ________demand curve for luxury vehicles to the and________ both the equilibrium price and quantity of luxury vehicles.

Question

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With an increase in consumer incomes, the demand for luxury vehicles, a normal good, will increase. This will shift the demand curve to the right, leading to an increase in both equilibrium price and quantity of luxury vehicles.

An Increase in Consumer Incomes Will Shift the ________Demand Curve