Exhibit 3-3 Demand curves
-Which of the graphs in Exhibit 3-3 depicts the effect of an increase in income on the demand for DVDs (a normal good)?

Name: Exhibit 3-3 Demand curves -Which of the graphs in Exhibit 3-3 depicts the effect of an increase in income on the demand for DVDs (a normal good)?
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Question

Exhibit 3-3 Demand curves 
-Which of the graphs in Exhibit 3-3 depicts the effect of an increase in income on the demand for DVDs (a normal good)?

Quizplus · Accepted Answer

An increase in income for a normal good, like DVDs, leads to an increase in demand, which is typically shown as a rightward shift of the demand curve. Graph A likely depicts this shift.

Exhibit 3-3 Demand Curves